VANTAGGIO SUITES COSMO HOTEL IN SAN FRANCISCO SELLS FOR $29.5M

by admin

SAN FRANCISCO — The 150-room Vantaggio Suites Cosmo in San Francisco has sold to RLJ Lodging Trust for $29.5 million. The hotel is located at 761 Post Street near Union Square. It was built in 1930 and is listed on the National Register of Historic Places. The property primarily accommodated short-term stays, though it is currently unoccupied. RLJ plans to close the hotel while it carries out a $13-million, multi-phase conversion that will rebrand it as a Courtyard by Marriott. The conversion should be complete by the end of 2014. RLJ purchased the hotel with cash available on its balance sheet.

You may also like