Carey Watermark Investors 2 (CWI 2) has announced its acquisition of the Ritz-Carlton, San Francisco in the city’s downtown Nob Hill neighborhood. Originally designed in 1909 by New York-based Napoleon Le Brun & Sons, the neo-classical, nine-story property received landmark status in 1984 before reopening as a hotel in 1991. It is the city’s only AAA Five-Diamond Hotel.
Since 2014, more than $20 million has gone toward upgrading the 336-room hotel, including renovations to the lobby, restaurant, and spa. Two retail outlets and a fitness center were added during the renovation as well. The hotel features 23,000 square feet of meeting and event space, including the 9,400-square-foot ballroom and the 2,200-square-foot interior courtyard. F&B options include the onsite restaurant, lobby lounge, and wine tasting lounge.
Set along the city’s famed cable car line, the Ritz-Carlton, San Francisco offers access to the Financial District, Union Square, and Fisherman’s Wharf. In addition, the hotel is less than a mile from the convention center, Moscone Center, which is slated to complete its nearly $500 million overhaul and expansion by 2018.
The Ritz-Carlton, San Francisco will continue to be managed by the Ritz-Carlton Company.
