Host Hotels Nets $161M In Sale Of Ritz-Carlton SF To Thayer

Law360, Chicago (July 1, 2013, 3:44 PM EDT) -- Host Hotels & Resorts Inc. revealed Monday that it has sold its Ritz-Carlton hotel in San Francisco for roughly $161 million to a fund run by Thayer Lodging Group, which said it will invest up to $17 million in the property over the next two years.

Thayer Fund VI purchased the downtown luxury hotel, which has 336 guest rooms and suites, as its first investment. The deal is the latest of several recent sales by Host Hotels and brings its total dispositions since the beginning of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.