Northview Hotel Group Acquires Hotel In San Francisco For $157.6M

A hotel property located at 450 Powell St. in San Francisco has been sold for a total amount of $157,600,000. The property, owned by Pebblebrook Hotel Trust and represented by Jon E. Bortz, was purchased by Northview Hotel Group, with Mark Mance as their representative. The hotel consists of 416 rooms, resulting in a price per room of approximately $378,846.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $157,600,000
• Address: 450 Powell St.
• Market: San Francisco
• Buyer: Northview Hotel Group - Mark Mance
• Seller: Pebblebrook Hotel Trust - Jon E. Bortz
• Rooms: 416
• Price per Room (PPR): $378,846

Mark Mance from Northview Hotel Group represented the buyer in this transaction, while Jon E. Bortz represented the seller, Pebblebrook Hotel Trust. The deal was finalized on 05/07/2021, marking the successful transfer of ownership for the hotel property on Powell St. in San Francisco.