The keys for a tourist hotel at San Francisco's Fisherman's Wharf are going back to the lender after the owner defaulted on an $85M mortgage loan backed by the property.
DiNapoli Capital Partners, based in Walnut Creek, CA, has handed over the deed for the 248-room Alton hotel by Kimpton at Fisherman's Wharf, located at 2700 Jones Street in a deed in lieu of foreclosure filed in San Francisco.
A Minneapolis-based affiliate of AB CarVal Investors took back the hotel. AB CarVal and Ramsfield Hospitality Finance sponsored an $85M mortgage loan for the Alton in March 2022, according to a report in the San Francisco Business Times.
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