Blackstone Real Estate to Acquire 821-Room Hyatt Regency Embarcadero in San Francisco for $279MM

Blackstone Real Estate is acquiring the 821-room Hyatt Regency Embarcadero from Sunstone Hotel Investors for $279 million — roughly $340,000 per key — adding one of San Francisco's most recognizable waterfront hotels to a portfolio that already includes the Four Seasons San Francisco, Stanly Ranch in Napa, and the Anthropic-leased office tower at 300 Howard. […]