Karlin Real Estate provides loan to Kor Group toward San Francisco acquisition

GlobeSt reports that the Karlin Real Estate investment firm is busy acquiring properties and financing deals. Most interesting, Karlin has provided an $11-million loan to Kor Group toward the acquisition of the 135-room, 64,225-square-foot landmark Renoir Hotel in San Francisco. Kor Group is the development arm of the Viceroy Hotels & Resorts brand. Could Renoir be the next Viceroy hotel? It's a stretch: Viceroy has already been tapped to manage the Hotel Milano in San Francisco. A call put into Viceroy netted no news either way. GlobeSt reports that Karlin's bridge facility will allow The Kor Group time to complete pre-development work for the conversion of the property to a boutique hotel.

Suggested Articles

The new hotel is a mile from where the brand made its debut in London's Mayfair neighborhood 48 years ago. 

The former Holiday Inn in Port Washington will continue under the direction of S&L Hospitality, its owner and operator since 1998.

The hotel will be a conversion of the former Al Areen Palace & Spa.