The four hotels are situated in San Francisco’s neighborhoods Nob Hill and South of Market. Oxford said it plans to renovate and reposition its new assets. It did not disclose the exact terms of the sale.
"This is a compelling time to be buying these hotels, amidst increasing hotel demand created by the reopening of the renovated and expanded Moscone Center, the continued influx of new Class A office and residential buildings, and record-breaking leisure visitation to downtown San Francisco,” Sarang Peruri, principal at Oxford Capital Group band Oxford Hotels & Resorts said in a statement. “The properties are centrally located, with large guestrooms and good ‘bones’ allowing for an attractive canvas to create distinctive guestrooms and public areas.”
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Oxford Capital Group is an international real estate investment, development and management firm with a focus on hospitality, mixed-use, senior housing and other operationally intensive real estate. Its affiliated hotel management company Oxford Hotels & Resorts specializes in operating, managing and branding high-design lifestyle hotels. Oxford’s portfolio includes Godfrey Hotels in Chicago, Boston, Tampa, Fla. and Los Angeles; LondonHouse Chicago, Curio Collection by Hilton; and Hotel Julian in Chicago.