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Iconic San Francisco Hotel Put Under Contract As Investors Start Betting on Eventual Industry Rebound

Pebblebrook Hotel Trust Lands Buyer for the Kimpton Sir Francis Drake Hotel
Pebblebrook Hotel Trust is under contract to sell the 416-room Kimpton Sir Francis Drake Hotel in San Francisco's Union Square neighborhood. (Kimpton Sir Francis Drake)
Pebblebrook Hotel Trust is under contract to sell the 416-room Kimpton Sir Francis Drake Hotel in San Francisco's Union Square neighborhood. (Kimpton Sir Francis Drake)
CoStar News
February 5, 2021 | 9:39 P.M.

The coronavirus pandemic has ground global tourism to a halt, but a publicly traded real estate investment trust is moving full speed ahead with plans to sell one of San Francisco's most iconic hotels. It joins other bets on the Bay Area hospitality market.

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