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.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Suggested Articles

After two years, the Galt House in Louisville, Ky., has completed its $80 million upgrade.

Buildings in Texas and the Northeast are being converted into hotels.

Jeffrey Beers International curated a "Midtown from Above" concept with each guestroom designed to feel like a retreat from the streets below.