San Francisco Hotel Palomar Sells for $300,000 a Room

By Sharon Simonson Maryland-based Pebblebrook Hotel Trust has acquired San Francisco’s Hotel Palomar for $58 million, or not quite $300,000 a room. The seller was El Segundo-based Griffin Capital Corp., which was the sponsor of a tenant-in-common ownership platform that bought the hotel for $36.3 million in August 2007. The deal represents a “win-win” for […]