{"id":1004075613,"date":"2013-06-05T06:57:56","date_gmt":"2013-06-05T14:57:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=136951"},"modified":"2022-03-03T03:53:13","modified_gmt":"2022-03-03T11:53:13","slug":"hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\/","title":{"rendered":"Hyatt Fisherman\u2019s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/06\/Hyatt-Fishermans-Wharf-Knuckles-Exterior.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-136952\" title=\"Hyatt-Fishermans-Wharf-Knuckles-Exterior\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/06\/Hyatt-Fishermans-Wharf-Knuckles-Exterior.jpg\" alt=\"\" width=\"300\" height=\"100\" \/><\/a>San Francisco\u2019s improving hospitality market has seen another high-profile deal perfected as investors focus their attention on the city\u2019s increasing appeal for both business and tourism. The Chesapeake Lodging Trust recently closed a deal for the Hyatt Fisherman\u2019s Wharf, paying a purchase fee of around $103.5 million for the hotel to an affiliate of Hyatt Hotels Corporation.<\/p>\n<p class=\"MsoNormal\">The venue will continue to operate under the Hyatt brand, as the new owner has reportedly agreed to a management contract with Evolution Hospitality, who will carry out its duties under a franchise agreement with another Hyatt affiliate.<\/p>\n<p class=\"MsoNormal\">The five-story, 313-key Hyatt Fisherman\u2019s Wharf is located in one of the more tourist-friendly areas of San Francisco. Fisherman\u2019s Wharf offers immediate proximity to Ghirardelli Square, the Cannery, Pier 39, North Beach, Chinatown, Alcatraz, Maritime National Historic Park and the Cable Car turnaround. Guests staying for business purposes will find that the hotel is located just a short distance from San Francisco\u2019s growing Financial District.<\/p>\n<p class=\"MsoNormal\">The package offered at the facility includes eight suites, 19,000 square feet of meeting space, a full-service restaurant and lounge, a coffee shop, heated outdoor pool and state-of-the-art fitness center, as well as 4,700 square feet of retail space located at ground level. According to a press statement, the hotel is being targeted for a renovation process that should commence towards the end of 2014.<\/p>\n<p class=\"MsoNormal\">This is the third venue that Chesapeake now owns in San Francisco hospitality market, and according to James L. Francis, President and CEO of the Lodging Trust, the property \u201ccomplements our hotels in the Financial District and Union Square.&#8221;<\/p>\n<p class=\"MsoNormal\"><span>For more market data from the San Francisco Bay Area, <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-remaining-a-beacon-for-job-growth-san-jose-multifamily-market-rivals-that-of-the-90s\/1004071174.html\" rel=\"nofollow\">click here<\/a>.<br \/>\n<\/span><\/p>\n<p>Image courtesy of<em> fishermanswharf.hyatt.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco&rsquo;s improving hospitality market has seen another high-profile deal perfected as investors focus their attention on the city&rsquo;s increasing appeal for both business and tourism. The Chesapeake Lodging Trust recently closed a deal for the Hyatt Fisherman&rsquo;s Wharf, paying a purchase fee of around $103.5 million for the hotel, to an affiliate of Hyatt Hotels Corporation. The venue will continue to operate under the Hyatt brand, as the new owner has reportedly agreed a management contract with Evolution Hospitality, who will carry out its duties under a franchise agreement with another Hyatt affiliate.<\/p>\n","protected":false},"author":41,"featured_media":1004506988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[1815],"class_list":["post-1004075613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-san-francisco","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hyatt Fisherman\u2019s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyatt Fisherman\u2019s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal\" \/>\n<meta property=\"og:description\" content=\"San Francisco&rsquo;s improving hospitality market has seen another high-profile deal perfected as investors focus their attention on the city&rsquo;s increasing appeal for both business and tourism. The Chesapeake Lodging Trust recently closed a deal for the Hyatt Fisherman&rsquo;s Wharf, paying a purchase fee of around $103.5 million for the hotel, to an affiliate of Hyatt Hotels Corporation. The venue will continue to operate under the Hyatt brand, as the new owner has reportedly agreed a management contract with Evolution Hospitality, who will carry out its duties under a franchise agreement with another Hyatt affiliate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-05T14:57:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T11:53:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Hyatt-Fishermans-Wharf-Knuckles-Exterior.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Hyatt Fisherman\u2019s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal\",\"datePublished\":\"2013-06-05T14:57:56+00:00\",\"dateModified\":\"2022-03-03T11:53:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/\"},\"wordCount\":300,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Hyatt-Fishermans-Wharf-Knuckles-Exterior.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-fishermans-wharf-acquired-by-chesapeake-lodging-trust-in-100m-deal-2\\\/\",\"name\":\"Hyatt Fisherman\u2019s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal - 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