Loews Hotels to buy the Mandarin Oriental San Francisco

Loews Hotels & Resorts entered into an agreement to purchase the 158-room Mandarin Oriental San Francisco Hotel. The acquisition is expected to close in late March.

"This will be our first entree into San Francisco, a major gateway market and a very important location for Loews Hotels' core customer base," said Paul Whetsell, president & CEO of Loews Hotels & Resorts. "We have been exploring opportunities to enter the San Francisco market for some time, so we are thrilled to add such a respected five-star hotel to our growing brand."

Located in the heart of San Francisco's Financial District, the hotel, which is currently managed by Mandarin Oriental Hotel Group, is situated on the top 11 floors of San Francisco's third-tallest office building, showcasing uninterrupted views of San Francisco and its bay. The hotel has 158 guest rooms, the Brasserie S&P restaurant, over 5,000 square feet of meeting space and a new 8,000 square foot spa and fitness center.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

This  property is the seventh addition to the Loews Hotels portfolio announced in the last two and one-half years.  Loews Hotels will open the 400-room Loews Chicago Hotel on March 2 and continues to seek to grow its brand in gateway cities and resort destinations.

Suggested Articles

The furloughs will affect those at its domestic owned properties as well as its corporate staff.

The company is reducing its corporate workforce 40 percent to approximately 100 full-time-equivalent employees.

As of April 2, more than half of Accor’s branded hotels were closed worldwide, a portion the company said could grow to two-thirds in coming weeks.