San Francisco · Luxury
Fairmont San Francisco
606 keys · San Francisco · Fairmont
Nob Hill palace. Mirae Asset bought the owning companies for $450 million in 2015 (trade press). Accor/Fairmont is the brand, not the 2015 deed.
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 · Upscale
Axiom Hotel San Francisco
151 keys · San Francisco · Axiom (independent)
Union Square house (née Powell Hotel). Host acquired the 151-key hotel plus 8,554 sf of retail and the land on January 21, 2014 for $75 million (Host 10-K / earnings exhibit). PPK is not rooms-only.
San Francisco · Upper upscale
Grand Hyatt San Francisco
668 keys · San Francisco · Grand Hyatt
Union Square box. Sold with Andaz Maui and Hyatt Regency Coconut Point to Host on March 29, 2018 as part of a $1.0 billion three-hotel PSA (Hyatt 8-K). Harbor will not invent an allocated price for this house.
San Francisco · Upscale
Hyatt Centric Fisherman’s Wharf
316 keys · San Francisco · Hyatt Centric
Wharf upscale, not a Union Square palace. Park sold the 316-key house in May 2025 for $80 million (Park IR). Park did not name the buyer — Harbor will not invent one. Not Pebblebrook’s 2023 Hotel Zoe $68.5 million tape.
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.
San Francisco · Upscale
Villa Florence San Francisco on Union Square
189 keys · San Francisco · Villa Florence
Union Square boutique. Pebblebrook closed the 189-key house on September 9, 2021 for $87.5 million (8-K). Buyer unnamed. Not The Marker San Francisco $77.0 million (2022), not Hotel Spero $71.0 million (2022), and not Hotel Zoe Fisherman’s Wharf $68.5 million (2023).
Desks covering this market
Public coverage lists, not a claimed book. Open a desk for the graph timeline.
CBRE Hotels — Americas desk
Investment sales practice
Practice-level node for CBRE’s public hotels platform. Harbor does not invent named producers or unpublished league tables.
32 public graph events · 22 cited · 10 unknown
2026 · 2025 · 2024 · 2023 · 2022 · 2021
Eastdil Secured — trophy / lodging
Investment banking
Large-cap real estate investment bank. Hotel work is typically trophy or portfolio, named in the financial press when it is public.
18 public graph events · 14 cited · 4 unknown
2026 · 2024 · 2022 · 2021 · 2020 · 2019
Public tape · 11 events
Transactions
Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.
Morning blotterCompare a cited single
Hyatt Regency San Francisco — Sunstone disposition
Hyatt Regency San Francisco · 821 keys · Upper upscale
Consideration
$279.0M
$340k / key
Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)
Sunstone sold the 821-room Hyatt Regency San Francisco on July 30, 2026 to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million. Sunstone rounds that to approximately $340,000 per key; Harbor PPK is $279 million ÷ 821. Sunstone’s 21.4x Hotel Adjusted EBITDAre / 3.5% TTM NOI cap (trailing twelve months ending May 31, 2026, from the June 23 agreement exhibit) are Sunstone’s narrative, not a second hotel price. Do not apply this as a Fairmont Nob Hill or Fisherman’s Wharf tape. RLJ’s Dallas Love Field + Houston Galleria December 2025 pair stays off this row — that was a combined $49.5 million.
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.
Public filingOct 1, 2024
Four Points San Francisco Airport — Summit disposition
Four Points San Francisco Airport · 101 keys · Upscale
Consideration
$17.7M
$175k / key
Summit Exhibit 99.1 sold table: $17.7 million for the 101-guestroom Four Points San Francisco Airport. October 2024; day-of-month not named. Airport box — not an Embarcadero or Wharf PPK.
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (October 2024 close; day unnamed)
Summit sold the 101-guestroom Four Points San Francisco Airport in October 2024 for $17.7 million. Harbor uses the first of October rather than inventing a closing day. Harbor PPK is $17.7 million ÷ 101. Buyer unnamed. Summit marked the cap-rate N/M because hotel NOI at sale was de minimis — that is Summit’s narrative, not a second price. Not Sunstone’s $279 million Embarcadero Hyatt Regency and not Park’s $80 million Wharf Centric. Older than the 2025–26 blotter cut.
Public filingMar 1, 2024
Park Hotels & Resorts — illustrative full-service sale (see 8-K)
San Francisco · 500 keys · Upper upscale
Consideration
Not disclosed
Park Hotels & Resorts SEC filings
Park discloses selected sales. Harbor will not guess which 2024 supplement you have open. Use the filing. This node teaches the REIT-tape pattern.
Public filingNov 14, 2023
Hotel Zoe Fisherman’s Wharf — Pebblebrook disposition
Hotel Zoe Fisherman’s Wharf · 221 keys · Upscale
Consideration
$68.5M
$310k / key
Pebblebrook 8-K: $68.5 million for the 221-room Hotel Zoe Fisherman’s Wharf. Wharf boutique — not an Embarcadero convention PPK and not Park’s $80 million Centric.
Pebblebrook Hotel Trust Form 8-K, November 14, 2023 (press dated November 15)
Pebblebrook closed the 221-room Hotel Zoe Fisherman’s Wharf on November 14, 2023 for $68.5 million to a third party. Harbor PPK is $68.5 million ÷ 221. Pebblebrook’s 25.0x / 3.2% TTM lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed in Pebblebrook’s filing — 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. The Westin Michigan Avenue and Marina City retail parcels stay off this tape. Older than the 2025–26 blotter cut.
Public filingJun 15, 2023
Host Hotels — illustrative urban disposition (see 8-K)
San Francisco · 400 keys · Upper upscale
Consideration
Not disclosed
Host Hotels & Resorts Form 8-K / earnings disclosures (read the filing)
Host regularly discloses individual hotel sales in 8-Ks and supplements. Harbor lists a filing-grade pattern without copying a stale allocated price that may have been revised. Open the filing. Do not treat this row as a named hotel’s number.
Public filingAug 25, 2022
Hotel Spero — Pebblebrook disposition
Hotel Spero · 236 keys · Upscale
Consideration
$71.0M
$301k / key
Pebblebrook 8-K: $71.0 million for the 236-room Hotel Spero. Union Square boutique — not a Marker PPK and not a Zoe Wharf PPK.
Pebblebrook Hotel Trust Form 8-K, August 25, 2022 (press dated August 26)
Pebblebrook closed the 236-room Hotel Spero on August 25, 2022 for $71.0 million to a third party. Harbor PPK is $71.0 million ÷ 236. Pebblebrook’s 9.1x / 9.8% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed in Pebblebrook’s filing — Harbor will not invent a desk from trade press. 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. Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. Older than the 2025–26 blotter cut.
Public filingJun 28, 2022
The Marker San Francisco — Pebblebrook disposition
The Marker San Francisco · 208 keys · Upscale
Consideration
$77.0M
$370k / key
Pebblebrook 8-K: $77.0 million for the 208-room The Marker San Francisco. Union Square boutique — not a Zoe Wharf PPK and not an Embarcadero convention PPK.
Pebblebrook Hotel Trust Form 8-K, June 28, 2022 (press dated June 28)
Pebblebrook closed the 208-room The Marker San Francisco on June 28, 2022 for $77.0 million to a third party. Harbor PPK is $77.0 million ÷ 208. Pebblebrook’s 10.0x / 8.8% 2019 lines and the $25.0 million planned renovation are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed in Pebblebrook’s filing — Harbor will not invent a desk from trade press. 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. Older than the 2025–26 blotter cut.
Public filingSep 9, 2021
Villa Florence San Francisco on Union Square — Pebblebrook disposition
Villa Florence San Francisco on Union Square · 189 keys · Upscale
Consideration
$87.5M
$463k / key
Pebblebrook 8-K: $87.5 million for the 189-room Villa Florence San Francisco on Union Square. Union Square boutique — not a Marker PPK and not an Embarcadero convention PPK.
Pebblebrook Hotel Trust Form 8-K, September 9, 2021 (press dated September 9)
Pebblebrook closed the 189-room Villa Florence San Francisco on Union Square on September 9, 2021 for $87.5 million to a third party. Harbor PPK is $87.5 million ÷ 189. Pebblebrook’s 12.4x / 7.2% 2019 lines — adjusted in the exhibit for retail rent and a one-time retail lease termination fee — are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Not The Marker San Francisco $77.0 million (2022), not Hotel Spero $71.0 million (2022), and not Hotel Zoe Fisherman’s Wharf $68.5 million (2023). The Kimpton Sir Francis Drake $157.6 million net-proceeds line stays off this graph — that 8-K does not name a hotel sale price. Older than the 2025–26 blotter cut.
News / press releaseNov 24, 2015
Fairmont San Francisco — Mirae Asset acquisition
Fairmont San Francisco · 606 keys · Luxury
Consideration
$450.0M
$743k / key
Owning-company sale as announced by the sellers (Oaktree / Woodridge / Kingdom). Contemporaneous reports used 591–606 keys. Harbor PPK uses the desk’s 606-key count.
The Registry / seller announcement, Nov 24–25 2015
Mirae Asset Global Investments bought the companies that own Fairmont San Francisco for $450 million. Fairmont/Accor stayed as manager. Nob Hill palace — not a Union Square select-service tape. Brand and deed remain separate questions after 2015.
Powell / Axiom Hotel San Francisco — Host Hotels acquisition
Axiom Hotel San Francisco · 151 keys · Upscale
Consideration
$75.0M
$497k / key
Host 10-K / earnings exhibit: $75 million for the 151-room Powell Hotel, 8,554 sf of retail, and the fee-simple land. PPK includes retail and land — not rooms-only.
Host Hotels & Resorts earnings exhibit (EX-99.1), February 2014
On January 21, 2014 Host acquired the 151-room Powell Hotel in San Francisco, along with 8,554 square feet of retail and the fee-simple land, for $75 million. Later converted to Axiom. Do not treat $496k/key as a rooms-only Union Square comp. Trade-press hotel/retail splits are unnamed-source gossip — Harbor will not repeat them as fact.