IN DEPTH LOOK: Thayer Lodging Group acquires Ritz-Carlton hotel in downtown San Francisco for $161 million
Annapolis, M.D.–based Thayer Lodging Group has paid $161 million to Host Hotels & Resorts for the Ritz-Carlton hotel in downtown San Francisco. Here’s an in-depth look at the deal.
The Thayer Lodging Group acquired the Ritz-Carlton hotel from Host Hotels & Resorts for $161 million in June 2013. Thayer used capital from its Thayer Fund VI, marking the value-added/opportunistic fund’s first acquisition. The fund is still in the market fundraising for $300 million. Cushman & Wakefield represented the buyer in the deal, while Jones Lang LaSalle represented the Bethesda, M.D.–based seller, Host Hotels & Resorts, in the deal, according to data from