Host Hotels & Resorts Inc. is reportedly set to put the Grand Hyatt San Francisco on the market as part of a broader strategy to sell at least 10 properties valued at over $1 billion. This decision comes amid a significant hotel ownership shuffle in San Francisco, including recent changes involving the Hyatt Regency. The Grand Hyatt, featuring 669 rooms close to Union Square, was acquired in 2018 for around $1 billion and has been part of discussions regarding labor disputes and contracts in the hospitality sector.
Host Hotels & Resorts Inc. is planning to sell the Grand Hyatt San Francisco along with other West Coast properties, valued at over $1 billion.
The sale is part of Host Hotels' strategy to offload noncore assets, reflecting a significant shift in the San Francisco hotel market.
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