Pineapple Hospitality, a Bellevue, Wash.-based hotel management company, has acquired the Hotel California in san Francisco, a 101-year-old, 83-room hotel, for $27 million. The hotel, bout from Geary Street Properties, was affiliated with Best Western.
A large renovation and redesign of the seven-story hotel is planned for next year, Della-Rae Carriere, Pineapple Hospitality’s asset manager, told the san Francisco Business Times.
The group bought the hotel as a way to enter the San Francisco hotel market, Carriere added. “With four hotels in Seattle, one we just acquired last August in Portland, it made sense for us to continue down (the West coast),” she explained. “(The San Francisco market) fits in with our style.”
In an unrelated story, but regarding same company, word is Pineapple is looking to bring a $70-million hotel to downtown Seattle