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SAN FRANCISCO — The CBRE Strategic Partners U.S. Value 7 fund has acquired the 421-room Sofitel San Francisco Bay in Redwood City submarket of San Francisco for an undisclosed sum. The hotel is located at 223 Twin Dolphin Drive.
The eight-story, full-service hotel sits adjacent to Highway 101. It includes more than 20,000 square feet of meeting space, a full-service restaurant, fitness center, and outdoor pool and event patio.
The fund is exploring value-add options, which may include upgrading the unit interiors, creating additional meeting space and guestrooms, and expanding food and beverage service.