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.

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