Park Central Hotel San Francisco

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  • SoMa Hotel Gets New Owner, Name in $350M Deal

    The Westin Market Street hotel in San Francisco recently traded hands, as LaSalle Hotel Properties purchased the property in a deal worth $350 million. The buyer used cash on hand and borrowings from its senior unsecured credit facility in order to fund the acquisition of the hospitality property. Upon closing, the Westin Market Street was renamed by the new owner as Park Central San Francisco. The deal will not affect the current management contract, with Highgate Hotels set to continue to handle asset management duties as an independent hotel on behalf of the new owner.

    San Francisco 05 February 2015 19:43

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