Summit Hotel Properties Sells San Francisco Hotel On Gateway Blvd For $75M

The hotel located at 670 Gateway Blvd. in San Francisco has been sold for a total of $75,000,000. The property, owned by Summit Hotel Properties in partnership with Jonathan P. Stanner and GIC, was a highly sought-after asset in the market. It features 169 keys and a price per key of $443,789.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $75,000,000
• Address: 670 Gateway Blvd.
• Market: San Francisco
• Keys: 169
• Price per Key: $443,789

The sale of the hotel was facilitated by Jonathan P. Stanner, representing Summit Hotel Properties, along with GIC. This transaction marks a significant milestone for both the buyers and sellers involved.