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SAN FRANCISCO-As GlobeSt.com previously reported Thayer Lodging Group has made the first investment of Thayer Fund VI with the acquisition of the 338-room Ritz-Carlton San Francisco. The seller was Host Hotels and Resorts Inc.

According to Host Hotels and Resorts, the hotel changed hands for approximately $161 million. The proceeds will be used to fund future acquisitions or for general corporate purposes.

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