Ritz Carlton The Ritz-Carlton is an iconic 336-room hotel located at 600 Stockton St.

SAN FRANCISCO—The densely developed downtown market includes nearly 50 million square feet of rentable office space and has limited developable land, hence, high barriers to entry. As of October 2016, San Francisco’s year-to-date hotel RevPAR was up 4.3%, significantly above the national average of 3.2%.

Within the hospitality inventory is the Ritz-Carlton, an iconic 336-room hotel located at 600 Stockton St. in Nob Hill. Its acquisition by lodging REIT, Carey Watermark Investors 2 Incorporated, is the second Ritz-Carlton Carey Watermark has acquired (the first was in Key Biscayne, FL).

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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