Oaktree, Woodridge Seal $200M Buy Of Historic SF Hotel

Law360, New York (May 9, 2012, 6:44 PM EDT) -- A consortium led by developer Woodridge Capital Partners LLC and a unit of private equity-backed Oaktree Capital Management LP closed a $200 million deal Tuesday to buy the Fairmont San Francisco Hotel from Maritz Wolff & Co. and Saudi Prince Alwaleed bin Talal.

The deal, which was announced as under contract by Woodridge in March, evolved over the last few months. Most notably, the prince, through his investment arm Kingdom Holding Co., will retain a minority interest in the venture despite earlier considerations that he would...
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