public_filing
Villa Florence San Francisco on Union Square — Pebblebrook disposition
$87,500,000 · $462,963/key
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.
Pebblebrook Hotel Trust Form 8-K, September 9, 2021 (press dated September 9)