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Case Study

Argonaut San Francisco Sold

​Jones Lang LaSalle represented Kimpton Hotels & Restaurants and Crow Holdings in the sale of the leasehold Argonaut Hotel.
 
The 252-room Argonaut Hotel is located on the Fisherman’s Wharf waterfront, the seventh most visited location in the United States, and features 8,850 square feet of meeting space, a restaurant, and a fitness center.
 
The team led a comprehensive and highly targeted marketing campaign with significant focus on U.S. REITs and offshore investors. The Hotel was purchased in February 2011 by Pebblebrook Hotel Trust for $84,000,000 or $333,000 per key, representing a going-in yield exceeding 5%.
 
For more information please contact James Stockdale, +1 213 239 6361.

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