Canadian Investors Shell Out $17M for Larkspur Hotel Union Square
Join your 2,000 multifamily professionals in Los Angeles on October 15-16 and be part of the action at RealShare APARTMENTS, the premier event of the year.
SAN FRANCISCO-Farallon Capital Management and Larkspur have sold the last hotel of an 11-hotel portfolio. A group of investors from Canada has snapped up the Larkspur Hotel Union Square, a 114-room hotel in San Francisco, for $16.6 million. The Vancouver-based group of investors paid $145,614 per room for the property.
The property will be re-branded as the Cartwright Hotel. The buyer was represented by Richard Ehmer from The Ehmer Group and the seller was represented by Eastdil Secured. For the full story, go to San Francisco Business Times .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.