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Article: Investment Group Led by Oxford Lodging Buys San Francisco Landmark Sir Francis Drake Hotel; Renowned 1928 Property at Union Square Will Undergo $20-million Renovation; Celebrated Beefeater Doormen and Scala's Bistro to Remain.
- Article from:
- Business Wire
- Article date:
- June 30, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- The 417-room Sir Francis Drake Hotel in San Francisco, the Union Square landmark built in 1928 to mirror the spirit of a proud new city rebounding from the great earthquake and fire, has been purchased by SFD Partners, LLC -- a joint venture between Oxford Lodging Advisory & Investment Group, LLC, of San Francisco and Longwing Real Estate Ventures, LLC, a member of the Dubai Investment Group -- from San Francisco-based Sir Francis Drake Hotel Associates, L.P., led by Kimpton Hotel & Restaurant Group, LLC, which shall continue to mange the hotel under a long-term management agreement assumed by the buyers.
The new owners, with technical and design ...