Stephen A. Schwarzman Of Blackstone Acquires 821-room Hyatt Regency San Francisco For $279M

The property involved in this transaction is the Hyatt Regency San Francisco, which features 821 keys. The asset is located at 5 Embarcadero Center, within the San Francisco, CA market. The transaction was valued at $279 million, equating to approximately $339,829 per key.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $279,000,000
• Address: 5 Embarcadero Center, San Francisco, CA
• Market: San Francisco, CA
• Keys: 821
• PPK: $339,829
• Buyer: Stephen A. Schwarzman - Blackstone
• Seller: Bryan Giglia - Sunstone Hotel Investors

The deal was facilitated by Stephen A. Schwarzman, representing Blackstone, and Bryan Giglia, representing Sunstone Hotel Investors. Notably, Sunstone Hotel Investors plans to reinvest nearly $70 million of the proceeds from this transaction into discounted repurchases of common and preferred shares, with further plans for capital allocation opportunities to enhance shareholder value.