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Nearly century-old San Francisco hotel sells for the first time

Investors take advantage of bargain prices on hospitality properties in the city
The recently purchased Mayflower Hotel has been owned by the same family since it first opened in 1927. (CoStar)
The recently purchased Mayflower Hotel has been owned by the same family since it first opened in 1927. (CoStar)
CoStar News
July 22, 2025 | 8:25 P.M.

A longtime local hospitality investor cast the latest vote of confidence for San Francisco’s struggling downtown with its purchase of a nearly century-old budget hotel near iconic Union Square.

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