LaSalle Hotel Properties 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 property's location and access to popular restaurants,
shops and entertainment venues make it an attractive destination for both
leisure and business travelers. Originally built in 1926, the building was
extensively renovated and converted in 1991 to the Harbor Court Hotel.
The Harbor Court Hotel houses the 230-seat, upscale, contemporary Japanese
Restaurant “Ozumo,” which is leased to a third-party restaurateur and open for
lunch and dinner. Ozumo was created in May 2001 and has been very successful
since opening.
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