JW Marriott San Francisco Union Square explained

Hotel Name:JW Marriott San Francisco Union Square
Location:United States
Address:500 Post Street
San Francisco, California
Chain:JW Marriott
Coordinates:37.7883°N -122.4105°W
Pushpin Map:United States San Francisco Central#California#USA
Opening Date:1987
Developer:Portman Holdings
Operator:Marriott International
Owner:Park Hotels & Resorts
Number Of Rooms:329 rooms
Number Of Suites:8 suites
Number Of Restaurants:Level Three Restaurant
Level Three Bar
Floors:21
Footnotes:[1]

The JW Marriott San Francisco Union Square is a luxury hotel in San Francisco, California.[2] It is owned by Park Hotels & Resorts.

History

The hotel was designed and built by architect and developer John Portman, and opened in 1987 as The Portman. It was sold on June 1, 1990 to Pan Pacific Hotels, a division of the Tokyu Corporation, which renamed it The Pan Pacific Hotel San Francisco.[3] On August 10, 2003, Tokyu sold the hotel to San Francisco-based Oxford Lodging[4] for $45 million. Pan Pacific was retained to manage the hotel. On February 23, 2006, Oxford sold the hotel to Ashford Hospitality Trust, for $95 million.[5] On April 19, 2006, Ashford announced that they had concluded a management deal with Marriott International, and the hotel was placed in their JW Marriott brand and renamed JW Marriott San Francisco Union Square.[6]

In 2011, Ashford sold the hotel to Thayer Lodging for $96 million.[7] Thayer then sold the property to Chesapeake Lodging Trust in 2014 for $147 million.[8] Chesapeake was acquired by Park Hotels & Resorts in 2019.[9]

Further reading

External links

Notes and References

  1. Web site: Emporis building ID 118833 . https://web.archive.org/web/20200808033314/https://www.emporis.com/buildings/118833 . dead . August 8, 2020 . Emporis.
  2. News: Eve Belson . OCEscape: The Portman Hotel . . 30 . October 1989 . 21 September 2010.
  3. Web site: Costa Mesa-Based Hotel Chain Buys 16th Property : Acquisition: Japanese-owned Pan Pacific Hotels and Resorts purchases the 330-room Portman-San Francisco luxury hotel . . 2 June 1990 .
  4. News: Ryan Tate . San Francisco investment firm picks up Pan Pacific hotel . bizjournals.com. 14 December 2023 . San Francisco Business Times . Aug 10, 2003.
  5. News: JK Dineen . Ryan Tate . Pan Pacific hotel sold for $95M . 14 December 2023 . San Francisco Business Times . 23 February 2006. bizjournals.com.
  6. News: Pan Pacific to become JW Marriott . 14 December 2023 . San Francisco Business Times . 19 April 2006. bizjournals.com.
  7. News: Sir Francis Drake sale sparks deals in S.F.. Hotel News Now. July 25, 2011. 2020-01-18.
  8. Chesapeake Lodging Trust acquires JW Marriott San Francisco Union Square. Chesapeake Lodging Trust. October 1, 2014. 2020-01-18.
  9. News: Absorbing Chesapeake gives Park a path for 2020 growth. Hotel News Now. November 8, 2019. 2020-01-18.