LA Developer To Buy Fairmont San Fran Hotel For $200M

Law360, New York (March 14, 2012, 6:45 PM EDT) -- Los Angeles-based real estate developer Woodridge Capital Partners LLC confirmed Wednesday that it will buy the luxurious Fairmont San Francisco Hotel from hotel investment firm Maritz Wolff & Co. and Saudi Prince Al-Waleed bin Talal for about $200 million.

Woodridge Capital Partners CEO Michael Rosenfeld said his firm was looking forward to adding the storied hotel to its properties.

"We are very excited to be under contract to acquire the iconic Fairmont San Francisco Hotel," he said in an email to Law360. "It is a rare privilege...
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