SAN FRANCISCO-The Ehmer Group, a San Francisco-based member of Hotel Brokers International, has successful marketed the Casa Loma Hotel located in San Francisco as well as the sale of a hotel development site in Oakland.  Richard Ehmer, president of the group, brokered both of the deals. 

The Casa Loma Hotel is centrally located in San Francisco, at 610 Fillmore Street.  Purchased for nearly $5 million, the Casa Loma offers unique European-style lodging accommodations that include 48 rooms in total, with 16 rooms per floor.  The Hotel is a one-of-a-kind boutique hotel property, located in the heart of San Francisco in the classic Alamo Square / Hayes Valley neighborhoods, surrounded by classic San Francisco Victorian architecture.

The seller was a San Francisco-based investment company that owns and operates primarily multi-family residential properties in transitional, inner-city neighborhoods, in the Bay Area and in New York City.  The buyer was a local Hotelier that owns and operates both tourist and residential hotel properties in San Francisco and throughout Northern California.

The buyer has plans to manage the property and continue operations as an independent boutique hotel.  The Ehmer Group represented both the Buyer and Seller in the transaction.

The development site is situated at the entrance to the Oakland Airport at 195 Hegenberger Road.  This 1.95-acre site was purchased for $2.8 million.  The buyer is a local hotel developer who plans to develop a 120 room SpringHill Suites by Marriott on the site. The hotel is tentatively planned to open in 2016.  The seller was a local owner/operator/developer. 

“The Oakland Airport Market continues to see increased growth in both ADR and Occupancy in the lodging sector,” said Richard Ehmer.  “Due to the location of this site and the proximity to the entrance of the Oakland Airport, it is one of the most desirable locations to build a new hotel project in this MSA.  With almost no new supply of lodging product in the Oakland market, we will continue to see increased demand for rooms and steadily improving operating fundamentals, as we are throughout the entire San Francisco Bay Area."

The Ehmer Group offers a full range of hospitality advisory services and assists a broad range of clients with the acquisition and disposition of hospitality and gaming assets in the United States and abroad, with a primary focus on the West Coast.