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Ian Schrager Hotels took over management in 1997, and the hotel became simply Clift. Schrager bought the hotel outright in 1999, for $80 million. [7] Soon after, he oversaw a $50 million complete renovation, which involved the restoration of the Redwood Room, and the gutting and redesign of much of the rest of the hotel, by designer Philippe ...
Alexander Fried, art and architecture critic for the San Francisco Examiner, wrote an article enthusiastically promoting the Chen/Cherk design three weeks after the five designs were revealed. [1] The SFGCCSA was reorganized as the Chinese Culture Foundation (CCF) of San Francisco on October 15, 1965, by financier J.K. Choy, Joe Yuey, and others.
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]
As of 2008 the company owns more than 30 hotels, [13] manages 6 others, [14] and operates 18 restaurants, all within California. [15] Among the most famous is the Ventana Inn in Big Sur, California. [5] The Hotel Vitale, on San Francisco's waterfront, is the first hotel the company built, rather than bought from a previous owner. [16]
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 ...
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