Thomas J. Baltimore Jr. Of Park Hotels & Resorts Sells Hyatt Centric Fisherman's Wharf For $80M
555 North Point Street
$80,000,000
Building Size
—
Asset Type
Hotel
Closing
May 23, 2025
AI
The property involved in the transaction is the Hyatt Centric Fisherman’s Wharf, a hotel located at 555 North Point Street in San Francisco. The sale price for this asset was $80,000,000, equating to $253,165 per key for its 316 rooms. The transaction represents a multiple of 64 times the projected EBITDA for 2024.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $80,000,000
- Address: 555 North Point Street - Hyatt Centric Fisherman’s Wharf
- Market: San Francisco
- Keys: 316
- PPK: $253,165
- Seller: Thomas J. Baltimore Jr. - Park Hotels & Resorts
Thomas J. Baltimore Jr. represented Park Hotels & Resorts in this sale. The proceeds from this transaction are intended to support ROI projects and general corporate use, as part of Park Hotels & Resorts' strategy to divest $300 million to $400 million in non-core assets during the year.
San Francisco Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93