The Passport Group has been retained as exclusive broker to offer the fee-simple interest in an independent, fully tourist licensed hotel located at 259 Seventh Street, San Francisco, California.
The hotel is three story with 34 guest units and additional units of front desk or potential retail space, suite rooms, and manager’s unit. Possible 36 units. The asset offers the opportunity for a multi-use project that would include retail and residential space with a height limit of 65 feet. This is an exceptional opportunity to acquire a cash flowing asset with significant upside potential as a multi-use development project.
Property Name: Independent Hotel/Mixed Use Development
Address: 259 Seventh Street
City: San Francisco
County: San Francisco
Number of Rooms: 34 guestrooms, Two suites with second bedroom, two room manager's suite, potential retail/front desk, possible 36 units
Site Area: Parcel: 5,758 sq ft, Building Size: 17,550 sq ft
Listing Price: $11500000
Ownership Interest: Fee-Simple
Jeff Durham is a founder of The Passport Group. Jeff has a wealth of experience in the hotel and hospitality industry which began at the early age of 16. He is a hotel broker, an independent hotel owner and expert in consulting hotel owners into transitioning to becoming an independent hotel operator.
Joe Wolosz co-founded The Passport Group in 2003. His 17+ years of experience in national hospitality brokerage affords him the in-depth understanding of the intricacies of hotel operations, valuations, financing, and franchise ownership.