"This town, of course, has been through a brutal five-plus years, and now things are really starting to turn,"
"Tourism's gonna come back. Very simply, buy some real estate here,"
"San Francisco is coming back, and major investments like this one show that momentum is building every day,"
"Visitors are returning, conferences are coming back to San Francisco, and it's a good time to bet on our city."
Blackstone plans to acquire the Four Seasons Hotel San Francisco, a 277-room luxury property at 757 Market St., for about $130 million. The company characterized San Francisco as having endured a brutal five-plus years while indicating conditions are starting to turn and tourism is expected to return. City leadership approved construction of the largest hotel complex in years. Newbond Holdings and Conversant Capital purchased the Hilton San Francisco Union Square and Parc 55 for about $408 million. City officials noted returning visitors and conferences and growing investor momentum in San Francisco.
Read at SFGATE
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