"Maybe if I had been smart, I would have bought the land a long time ago, but, at the end of the day, sometimes you have to say, It's been a beautiful experience and it's time for it to have its fat lady sings opera moment,'"
"To be quite honest, it's not even just the lease terms, it's the nature of the neighborhood,"
"We have come to a place where after 39 years and I am turning 65 later this year maybe it's time for the Phoenix to retire."
A New Year's blowout was framed as the end of an era, but the Phoenix Hotel in the Tenderloin remains open. Owner Michael Suas, known for Thorough Bread & Pastry and b. Patisserie, purchased the property in August 2024 and retained operation by appointing a new operator. Lease negotiations collapsed with the former operator led by Isabel Manchester, who had been involved since 2011 and opened Chambers Eat + Drink. Founder Chip Conley kept a stake and presided over closing events, citing lease terms, neighborhood changes, and his age as reasons for stepping back. The hotel continues operating under new management.
Read at sfist.com
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