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555 North Point Street

Thomas J. Baltimore Jr. Of Park Hotels & Resorts Sells Hyatt Centric Fisherman's Wharf For $80M
SOLDHotel

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.

Players

Thomas J. Baltimore Jr.

Park Hotels & Resorts

Seller

$450.5M

vol

3 deals

Seller

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