PKF Consulting
San Francisco Hotel Development Accelerates at Cautious Pace
By Adam Steinhauer Development of new hotels in San Francisco has picked up over the past year, but probably not nearly at a...
In a Starved Market, Menlo Park Welcomes Sand Hill Property’s Marriott Residence Inn
By Jack Stubbs “Extended-stay hotels are a great business model in a market that can support them, and Menlo Park’s market can,” Thomas...
Marriott City Center in Oakland Sells for $84MM
By Jon Peterson San Jose-based DiNapoli Capital Partners and New York-based Apollo has paid $84 million to acquire the 489-room Marriott City Center...
Mark Hopkins Hotel Sold at 4 Cap Rate
By Jon Peterson The sale of the 383-room Mark Hopkins Hotel in San Francisco has produced a 4 percent cap rate, according to...
RLJ Lodging to Expand Bay Area Presence
By Jon Peterson Bethesda, Md.-based RLJ Lodging Trust is planning on more than doubling its portfolio of hotel properties in the San Francisco...
LaSalle Buys Third San Francisco Hotel—This Month
By Jon Peterson Bethesda, Md., -based LaSalle Hotel Properties has bought its third San Francisco hotel in less than 30 days with the...
Leasehold Interest in San Francisco Hotels Earn 8.5 Percent Yield
By Jon Peterson Bethesda, Md., -based LaSalle Hotel Properties has achieved an 8.5 percent capitalization rate with its purchase of leasehold interests in...
Union Square Hotel and Shop Space Come to Market
By Jon Peterson A Union Square district boutique hotel at 33 Powell St. with a large ground-floor retail space is being offered for...
Thayer Accepts Initial Yield Below 4 Percent for San Francisco Ritz
By Jon Peterson [dropcap]A[/dropcap]nnapolis, Md., -based Thayer Lodging Group has acquired The Ritz-Carlton, San Francisco for $479,000 a key, or $161 million. The...
Texas REIT Buys First San Francisco Hotel
By Jon Peterson Austin, Texas-based Summit Hotel Properties has moved into the San Francisco hotel market for the first time with its $60.5...
Chinese Investors Buy Burlingame Hotel
By Jon Peterson A Chinese investment group has acquired the 309-room Crowne Plaza San Francisco International Airport Hotel at 1177 Airport Blvd. in...
