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Article: Kor Hotel Group to Sell Distinguished Campton Place Hotel in San Francisco to India-Based Taj Hotels Resorts and Palaces.
- Article from:
- Business Wire
- Article date:
- April 5, 2007
CopyrightCOPYRIGHT 2007 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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Decision Reflects Prime Real Estate Opportunity and Secures Significant Profit Following Eighteen-Month Ownership
SAN FRANCISCO -- Kor Hotel Group, the Los Angeles-based hotel operator known for its upscale properties in prime destinations, announces that it has entered into an agreement with India-based Taj Hotels Resorts and Palaces for the impending sale of Campton Place Hotel in San Francisco. Purchased by Kor eighteen months ago for $44 million as an ideal entry into San Francisco's desirable but difficult-to-access hospitality market, Campton Place is now being sold for $58 million.
"Our decision to pass this distinguished property into the ...
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