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The JW Marriott San Francisco Union Square is a luxury hotel in San Francisco, California.[2] It is owned by Park Hotels & Resorts.

History

The hotel was designed and built by architect and developer John Portman, and opened in 1987 as The Portman. It was sold on June 1, 1990 to Pan Pacific Hotels, a division of the Tokyu Corporation, which renamed it The Pan Pacific Hotel San Francisco.[3] On August 10, 2003, Tokyu sold the hotel to San Francisco-based Oxford Lodging[4] for $45 million. Pan Pacific was retained to manage the hotel. On February 23, 2006, Oxford sold the hotel to Ashford Hospitality Trust, for $95 million.[5] On April 19, 2006, Ashford announced that they had concluded a management deal with Marriott International, and the hotel was placed in their JW Marriott brand and renamed JW Marriott San Francisco Union Square.[6]

In 2011, Ashford sold the hotel to Thayer Lodging for $96 million.[7] Thayer then sold the property to Chesapeake Lodging Trust in 2014 for $147 million.[8] Chesapeake was acquired by Park Hotels & Resorts in 2019.[9]

References

  1. ^ "Emporis building ID 118833". Emporis. Archived from the original on August 8, 2020.
  2. ^ Eve Belson (October 1989). "OCEscape: The Portman Hotel". Orange Coast Magazine. p. 30. Retrieved 21 September 2010.
  3. ^ "Costa Mesa-Based Hotel Chain Buys 16th Property : Acquisition: Japanese-owned Pan Pacific Hotels and Resorts purchases the 330-room Portman-San Francisco luxury hotel". Los Angeles Times. 2 June 1990.
  4. ^ Ryan Tate (Aug 10, 2003). "San Francisco investment firm picks up Pan Pacific hotel". San Francisco Business Times. Retrieved 14 December 2023 – via bizjournals.com.
  5. ^ JK Dineen; Ryan Tate (23 February 2006). "Pan Pacific hotel sold for $95M". San Francisco Business Times. Retrieved 14 December 2023 – via bizjournals.com.
  6. ^ "Pan Pacific to become JW Marriott". San Francisco Business Times. 19 April 2006. Retrieved 14 December 2023 – via bizjournals.com.
  7. ^ "Sir Francis Drake sale sparks deals in S.F." Hotel News Now. July 25, 2011. Retrieved 2020-01-18.
  8. ^ "Chesapeake Lodging Trust acquires JW Marriott San Francisco Union Square" (Press release). Chesapeake Lodging Trust. October 1, 2014. Retrieved 2020-01-18.
  9. ^ "Absorbing Chesapeake gives Park a path for 2020 growth". Hotel News Now. November 8, 2019. Retrieved 2020-01-18.

Further reading

External links

source: https://en.wikipedia.org/wiki/JW_Marriott_San_Francisco_Union_Square