San Francisco’s Storied Hotel Triton Launches Multi-Million Dollar Renovation to Be Completed by October 2018
Hotel Triton | July 17, 2018
SAN FRANCISCO, CALIF. – Hotel Triton announces its multi-million-dollar property renovation and redesign today, along with all new branding. Located at the center of the Grant Avenue shopping corridor – just steps away from the Financial District and Union Square – the historic boutique hotel entrusted Hospitality Design Awards winner Liubasha Rose of creative firm Rose Ink Workshop to oversee the design overhaul and transformation of the brand. Targeting the property's 140 guest rooms and bathrooms as well as the lobby, the contemporary redesign – set to be complete by October 2018 – delivers a total prope...
LaSalle Hotel Properties Announces Two Asset Sales; Under Contract to Sell a Third Hotel for a Combined Total of $218.9 Million
LaSalle Hotel Properties | April 3, 2017
BETHESDA, Md.--LaSalle Hotel Properties (NYSE: LHO) today announced it has sold two hotel assets and is under contract to sell a third hotel for a combined $218.9 million of proceeds: Lansdowne Resort for $133.0 million. The Company acquired the resort in June 2003 for $115.8 million. Alexis Hotel for $71.6 million. The Company acquired the hotel in June 2006 for $38.0 million. Hotel Triton is under contract for $14.25 million. The Company expects the sale to close in April 2017. The Company acquired the hotel in August 2013 for $10.9 million. The Company will use proceeds from the asset sales to redeem the $68.8 million outstandin...
LaSalle Hotel Properties Acquires Two San Francisco Hotels for Total Purchase Price of $47.8 Million
LaSalle Hotel Properties | August 2, 2013
BETHESDA, Md.- August 02, 2013 - LaSalle Hotel Properties (NYSE: LHO) today announced that it acquired the Harbor Court Hotel and Hotel Triton, both located in San Francisco, CA for $47.8 million. The Company funded the transaction with borrowings from its Senior Unsecured Credit Facility. Harbor Court Hotel The 131-room, Harbor Court Hotel is located at 165 Steuart Street in San Francisco's financial district on the Embarcadero and offers stunning views of the San Francisco Bay. The hotel is proximate to many downtown attractions including the Ferry Building, Embarcadero Center, AT&T Park and the Moscone Convention Center. The pro...
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