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Pebblebrook Hotel Trust Acquires the Prescott Hotel

Pebblebrook Hotel Trust Acquires the Prescott Hotel

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Prescott Hotel for $49 million. The 160-room hotel is located in the heart of Union Square in San Francisco, Calif. The property will continue to be managed by Kimpton Hotels & Restaurants. “We’re ...

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Le Méridien San Francisco Unveils Renovation

Le Méridien San Francisco Unveils Renovation

SAN FRANCISCO—Le Méridien San Francisco has completed a $3.5 million renovation further bringing to life the hotel’s public spaces. As a part of the renovation, the hotel lobby was transformed into the brand’s signature Le Méridien Hub, a creative gathering ...

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LaSalle Hotel Properties Acquires Hotel Vitale

LaSalle Hotel Properties Acquires Hotel Vitale

BETHESDA, Md.—LaSalle Hotel Properties has acquired Hotel Vitale in San Francisco, Calif., for $130 million. The company funded the acquisition with borrowings from its senior unsecured credit facility. The 200-room hotel is located at the intersection of the Embarcadero Waterfront ...

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Airbnb To Collect Hotel Taxes for San Francisco

Airbnb To Collect Hotel Taxes for San Francisco

Following its offer to collect and pay $21 million in taxes in New York City and a smaller initiative in Portland, Airbnb has agreed to pay the San Francisco’s 14 percent hotel tax by the summer. The move could potentially add ...

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DoubleTree by Hilton San Francisco Airport North Opens

DoubleTree by Hilton San Francisco Airport North Opens

SAN FRANCISCO and MCLEAN, Va.—Hilton Worldwide and DoubleTree by Hilton have announced the opening of the new DoubleTree by Hilton San Francisco Airport North. The contemporary 210-room hotel boasts views of the San Francisco Bay and Marina, as well as ...

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