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The Beacon Grand is located in downtown Union Square, San Francisco. The hotel is adjacent to Saks Fifth Avenue's San Francisco flagship store and the iconic Powell–Mason cable car line passes in front of the hotel. [18] The hotel is also adjacent to the Theatre District and Chinatown, the oldest in North America. [10]
The hotel was sold by Strategic Hotel Capital LLC, in January 2007 for close to US$200 million to Dune Capital Management and DiNapoli Capital Partners – roughly $250,000 for each of the hotel's 802 rooms. [7] In December 2013, the hotel was purchased by Aliso-Viejo, CA-based Sunstone Hotel Investors, Inc., for $262M. [8]
In April 2010, the hotel joined Wyndham Hotels and was renamed Parc 55 Wyndham San Francisco - Union Square. [7] In 2012, The Blackstone Group took 75 percent ownership of the hotel. [6] In February 2015, Hilton Worldwide bought the property and renamed it Parc 55 San Francisco - a Hilton Hotel. [8] In 2018, the building was valued at $512.2 ...
The hotel was sold to ANA Hotels for $100 million in 1988 and renamed ANA Hotel San Francisco. [7] Scenes in David Fincher 's 1997 film The Game were shot in the hotel. ANA sold it, along with their Washington, DC hotel, to Lowe Enterprises on September 29, 1998 for $270 million. [ 8 ]
HEI Hotels & Resorts bought the hotel from SHC Park San Francisco, a subsidiary of Strategic Hotel Capital, on May 9, 2006, and rebranded it as Le Méridien San Francisco the following day, under franchise from Starwood. [3] [4] In 2010, Chesapeake Lodging Trust bought the hotel from HEI for $143 million. [5] Chesapeake was acquired in 2019 by ...
A $15 million infill station was constructed to serve the Grand Hyatt at SFO, a new airport hotel. [9] The hotel opened on October 7, 2019. [10] AirTrain did not originally provide access to SFO's long-term parking garage and lots; instead, passengers had to take a free airport shuttle bus between the airport terminals and the long-term parking ...
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