Among
the noteworthy deals of the past week was Blackstone’s acquisition of the Four
Seasons Hotel San Francisco.
SAN
FRANCISCO — Further evidence that San Francisco is on the rebound comes with
news that Blackstone is acquiring the 277-key Four Seasons hotel in San
Francisco.
While
Blackstone did not disclose the price, an earlier Wall Street Journal report
said it was near $130 million.
The luxury
hotel is Blackstone’s first acquisition in the city in almost 10 years. The
price for the property in the heart of the city’s financial district is
reportedly $20-30 million less than what seller Westbrook Partners had listed
it for more than a year ago.
To download
our list of deals from the past week in Excel format, click here.
Deals of the
Week is a weekly feature by Hotel Investment Today. Click here for deal compilations from many previous weeks.