Stephen A. Schwarzman Of Blackstone Purchases Four Seasons Hotel In San Francisco For $130M

The asset involved in this transaction is the 277-room Four Seasons San Francisco, located at 757 Market Street. The hotel was built in 2001 and underwent a renovation costing $20 million in 2018. Its reported selling price is $130 million, with a per room price of approximately $469,314. The market for this asset is San Francisco, where hotel occupancy has risen to 70% this year.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $130,000,000
• Buyer: Stephen A. Schwarzman - Blackstone
• Seller: Paul Kazilionis - Westbrook Partners
• Number of Keys: 277
• Price Per Key: $469,314

Stephen A. Schwarzman represents Blackstone in the acquisition of this property, while Paul Kazilionis represents Westbrook Partners in the sale. The transaction marks a significant reduction from the previous asking price of $181.6 million for the hotel.