Blackstone Acquires San Francisco Hyatt Regency for $279 Million
Blackstone purchased the 821-key Hyatt Regency Embarcadero from Sunstone Hotel Investors for $279 million, citing confidence in San Francisco's AI-driven economic rebound.
Blackstone acquired the Hyatt Regency Embarcadero from Sunstone Hotel Investors for roughly $279 million [1]. The 821-key luxury waterfront hotel at 5 Embarcadero Center features a 17-story atrium and 80,000 square feet of meeting space [1].
Scott Trebilco, senior managing director at Blackstone Real Estate, told Commercial Observer the acquisition reflects confidence in Mayor Daniel Lurie's leadership and the city's economic rebound driven by AI investment in the region [1]. Hyatt will maintain the management role [1]. Sunstone has owned the hotel since 2013 [1].
Continue reading
3 more paragraphs for subscribers.
Free readers get a daily preview and the weekly long-form. Premium unlocks every brief in full, AM & PM editions, alerts, and the archive.