Park Hotels & Resorts Inc. Sells San Francisco Hotel On Battery St. For $221.5M

A hotel located at 333 Battery St. in San Francisco has been sold in a closed transaction for $221,500,000. The property, owned by Park Hotels & Resorts Inc., was acquired by Thomas J. Baltimore Jr. on August 31, 2021. The transaction included 360 keys, with a price per key of $615,000. The hotel has a capitalization rate of 5.9%.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $221,500,000
• Address: 333 Battery St.
• Market: San Francisco

Thomas J. Baltimore Jr., representing Park Hotels & Resorts Inc., acted as the seller in this transaction. The sale of the hotel was completed on August 31, 2021. The buyer acquired the property for a total of $221,500,000, with a price per key of $615,000. The deal included 360 keys and resulted in a 5.9% capitalization rate.