News for the Hospitality Executive
Cassidy Turley Hospitality Group Sells Nob Hill Hotel in San Francisco.
August 18, 2010 –Cassidy Turley BT Commercial is pleased to announce that its Hospitality Group has recently sold the Nob Hill Hotel in San Francisco. Eric Gunderson, with assistance from Ric Russell and Scott Griemsmann, represented buyer Euphoria Hospitality, Inc. in the acquisition of the 19,543-square-foot hotel for a price of $4,900,000 ($251 per square foot). The seller was Pacific Equities West.
The nearly 100-year old, five-story property is located at 835 Hyde Street.
Cassidy Turley BT Commercial’s Hospitality Group is based in the firm’s San Francisco office and specializes in the lodging sector. The Group is headed by Mr. Gunderson, Mr. Russell and Mr. Griemsmann. Since its inception in 2008, The Group has been responsible for representing both buyers and sellers in the sale of multiple hotel properties throughout the western U.S., which, in addition to the above transaction, includes a 279-room Holiday Inn in Emeryville; a 208-room Holiday Inn in San Jose; a 162-room Hilton Garden Inn in Cupertino; a 162-room Courtyard by Marriott in Campbell; a 170-room Wyndham Hotel & Resorts in Pleasanton; a 150-room Candlewood Suites in Dallas; a 123-room Hilton Garden Inn in Tucson; a 30-room Travelodge in Berkeley, TX; a 24-room European Guest House in San Francisco; and a 16-room Charlie’s Hotel in San Francisco.
About Cassidy Turley BT Commercial Hospitality Group
The Hospitality Group is Cassidy Turley's newly formed practice group specializing in the lodging sector, to include residential hotels, economy, limited service, select service, full service and resort properties. Our specialists have diverse backgrounds in lodging brokerage, operations, consulting, development and finance. We assist clients with the sale or purchase of hotels and provide site selection analysis, construction and property management services. For more information visit www.ctbthotels.com
About Cassidy Turley BT Commercial
Cassidy Turley BT Commercial, one of the most powerful commercial real estate firms in Northern California, has joined forces with other leading private commercial real estate firms to form Cassidy Turley, now the leading privately-held commercial real estate firm in the U.S. Cassidy Turley BT Commercial has over 400 agents and staff in 16 offices locally and over $70 billion in transactions in our 29-year history. For more info, visit us at www.ctbt.com.
Cassidy Turley is a national team of dedicated commercial real estate professionals, delivering superior results for our clients for more than 100 years. We leverage our world-class expertise, our local market knowledge and our deep industry connections to deliver integrated, tailored solutions around the globe. Our team of professionals is dedicated to consistently delivering solutions that produce superior results and champion your business goals. We believe in face-to-face relationships and that hands-on problem solving is fundamental. We become your partner and advocate, and are passionate about achieving long-term success on your behalf. To get to know us better, visit www.cassidyturley.com.
Turley Hospitality Group Sells Holiday Inn / Silicon Valley / July