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SAN FRANCISCO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Chesapeake Lodging Trust has purchased the fee simple interest in the 313-room Hyatt Fisherman’s Wharf from an affiliate of Hyatt Hotels Corp. for $103.5 million, or approximately $331,000 per key. The Trust entered into an agreement with Evolution Hospitality to manage the hotel under a franchise agreement with a Hyatt affiliate.

The five-story property is located on North Point Street in the heart of Fisherman’s Wharf. The hotel is also a short distance from the Financial District, Nob Hill, Union Square and the Moscone Convention Center.

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