CBRE Hotels, as exclusive advisor, presents the exceptional opportunity to acquire the Embassy Hotel, located in the Van Ness Corridor of San Francisco, California.
The 84-room hotel lies within a unique Art Deco building built in 1930 and benefits from exceptional street visibility, on the corner of Polk Street and Turk Street. Located just one block from Van Ness Avenue, access to and from the Embassy Hotel will be enhanced due to its proximity to the Bus Rapid Transit (BRT) system, a $346 million transportation project providing express bus service from downtown to the marina districts, which was recently completed.
The offering includes three retail spaces with frontage on Polk Street, as well as a separate parking parcel located adjacent to the hotel on Turk Street that is primed for redevelopment to an alternative use. There are also a handful of value-add opportunities including the potential to brand the property, renovate the guestrooms, and sign a lease with a new tenant for the ground floor corner retail space entitled for a restaurant and bar. The restaurant and bar is a turn-key operation and would require very minimal capital investment to activate.
The hotel’s operations are non-union and the offering is presented fee simple and unencumbered of both brand and management.
Investment Highlights
- Completely clean offering, both fee simple and non union, with multiple value add opportunities in a unique middle market property
- Exceptional location, one block from Van Ness Street, San Francisco’s largest north-south thoroughfare
- Walking distance to the shops, restaurants and bars in Hayes Valley, as well as Union Square, War Memorial Opera House, Davies Symphony Hall, Bill Graham Civic Auditorium, and San Francisco City Hall
- Continued Area Developments – The completion of the nearby California Pacific Medical Center,100 Van Ness, and Bowes Center for Performing Arts along with the Hayes Point mixed use project under construction shows that developers continue to Invest in the south Van Ness Corridor post COVID
- International gateway market that is just reopening to Asia, with significant high barriers to entry
- Strong economic growth projected for San Francisco Bay Area supported by huge venture capital investments in AI, biotech, technology and related industries
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