Independent Hotel & Redevelopment Opportunity
Exceptional Redevelopment Opportunity in San Francisco
The Passport Group has been retained an exclusive broker to offer the fee-simple interest in an independent, fully tourist licensed hotel. The hotel is permitted nonconforming use.
The hotel is three story with 34 guest units, exterior corridor with elevator. Front desk, manager’s office, laundry, meeting room, and manager’s unit. The asset offers the opportunity for a multi-use project that would include retail and residential space with height limit of 65 feet.
This is an exceptional opportunity to acquire a hotel with significant upside potential as a multi-use development project.
Property Name: Independent Hotel
Address: 240 Seventh Street
City: San Francisco
County: San Francisco
Number of Rooms: 34 units
Building Stories: Exterior corridor, three storyParking: 20+ Spaces
Site Area: Parcel Area: 16,082 square feet
Listing Price: $32,000,000
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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.