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Harborby Signalry

West · gateway

San Francisco

A recovery market. Historic palaces and union houses still trade; underwriting must name weekday group and tech transient separately. The 2026 Embarcadero Hyatt Regency sale is a convention atrium tape — not Nob Hill, not Pebblebrook’s 2021 Villa Florence $87.5 million Union Square tape, not the 2022 Marker $77.0 million or Spero $71.0 million tapes, not the 2023 Hotel Zoe $68.5 million Wharf tape, and not an airport Four Points.

Hotels
10
Graph events
11
Cited prices
9
Desks
2

Hotels

Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.

San Francisco · Upper upscale

Hyatt Regency San Francisco

821 keys · San Francisco · Hyatt Regency

Embarcadero convention atrium, not a Nob Hill palace and not the $80 million Wharf Centric. Sunstone sold the 821-key house on July 30, 2026 for $279 million gross to funds affiliated with Blackstone (Exhibit 99.1). Sunstone’s ~$340,000/key line is their rounding; Harbor PPK is $279 million ÷ 821.

San Francisco · Upscale

Four Points San Francisco Airport

101 keys · San Francisco · Four Points by Sheraton

Airport Four Points. Summit sold the 101-key house in October 2024 for $17.7 million (FY2024 Exhibit 99.1 sold table). Day unnamed — Harbor uses the first of October. Buyer unnamed. Summit marked the cap-rate N/M because NOI was de minimis — that is Summit’s narrative, not a second price. Not the $279 million Embarcadero Hyatt Regency and not the $80 million Wharf Centric.

San Francisco · Upscale

Hotel Zoe Fisherman’s Wharf

221 keys · San Francisco · Hotel Zoe

Fisherman’s Wharf boutique. Pebblebrook closed the 221-key house on November 14, 2023 for $68.5 million (8-K). Buyer unnamed — Harbor will not invent a desk from trade press. Not The Marker San Francisco $77.0 million (2022), not Hotel Spero $71.0 million (2022), not Park’s 2025 Hyatt Centric Wharf $80 million tape, and not Sunstone’s $279 million Embarcadero Hyatt Regency.

San Francisco · Upscale

The Marker San Francisco

208 keys · San Francisco · The Marker

Union Square boutique. Pebblebrook closed the 208-key house on June 28, 2022 for $77.0 million (8-K). Buyer unnamed. Not Hotel Spero $71.0 million, not Hotel Zoe Fisherman’s Wharf $68.5 million (2023), and not Sunstone’s $279 million Embarcadero Hyatt Regency.

San Francisco · Upscale

Hotel Spero

236 keys · San Francisco · Hotel Spero

Union Square boutique. Pebblebrook closed the 236-key house on August 25, 2022 for $71.0 million (8-K). Buyer unnamed. Not The Marker San Francisco $77.0 million, not Hotel Zoe Fisherman’s Wharf $68.5 million (2023), and not Sunstone’s $279 million Embarcadero Hyatt Regency.

Desks covering this market

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Public tape · 1 events

Transactions

Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.

Morning blotterCompare a cited single

News / press releasePark soldMay 22, 2025

Hyatt Centric Fisherman’s Wharf — Park Hotels disposition

Hyatt Centric Fisherman’s Wharf · 316 keys · Upscale

Consideration

$80.0M

$253k / key

Park IR: $80 million for the 316-room Hyatt Centric Fisherman’s Wharf. Wharf upscale — not a Union Square palace.

Park Hotels & Resorts IR / BusinessWire, May 22, 2025

Park closed the 316-room Hyatt Centric Fisherman’s Wharf for $80 million, or $253,000 per key as Park rounded it. Harbor PPK is $80 million ÷ 316. Park’s 64.0x 2024 EBITDA line is Park’s narrative, not a second price. Park did not name the buyer — Harbor will not invent one. Wharf recovery tape, not a Nob Hill palace.

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