Loews Hotels & Resorts has entered into an agreement to purchase the 158-room Mandarin Oriental San Francisco Hotel. The acquisition is expected to close in late March.
“This will be our first entrée into San Francisco, a major gateway market and a very important location for Loews Hotels’ core customer base,” says company president and CEO Paul Whetsell. “We have been exploring opportunities to enter the San Francisco market for some time, so we are thrilled to add such a respected 5-Star hotel to our growing brand.”
The hotel, which is currently managed by Mandarin Oriental Hotel Group, is situated on the top 11 floors of San Francisco’s third-tallest office building. It features the Brasserie S&P restaurant, more than 5,000 square feet of meeting space, and a new 8,000 square foot spa and fitness center.
This property is the seventh addition to the Loews Hotels portfolio announced in the last two and a half years.
