Hotel AG Closes 169-Room San Francisco Airport Hotel
March 22, 2016 9:26am
ATLANTA – March 22, 2016 – Hotel Assets Group, LLC (Hotel AG) is pleased to announce that it has arranged the sale of the Comfort Inn & Suites San Francisco Airport in South San Francisco, California. Eric Gunderson, a partner in the firms Los Angeles office exclusively represented the Buyer and Seller in the transaction.
The Comfort Inn & Suites San Francisco Airport is located just north of the main terminal of San Francisco International Airport (SFO) and adjacent to the South San Francisco Caltrain Station. The hotel sits on approximately 2.91 acres of fee simple land. 2015 marked a record year for SFO with over 50M passenger boardings and nine consecutive years of passenger growth.
Eric Gunderson remarked, "The hotel operates at an extremely high occupancy and should continue to do so given the excellent location, brand and condition of guestrooms. The San Francisco and SFO markets have seen rates go through the roof over the past few years. This hotel provides a tremendous value proposition in a very convenient location."
Tags: hotel ag,
hotel assets group,
comfort inn & suites san francisco airport
Hotel AG has been involved in 244 hotel sale transactions since January 2013 totaling over $2.4 billion in market value. Currently, the firm has 225 hotels on the market of which 63 listings are currently under sale agreement totaling over $900 million of market value. The firm has primary offices in Atlanta, New York, Chicago, Los Angeles, Washington D.C., Philadelphia, Tampa, Orlando, Portland and Houston. The firm has 17 national brokers and 21 partners and can be found online at www.hotelassetsgroup.com.
Contact: Wendy Blissett
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