A portfolio of boutique hotels around the country owned by a Blackstone Group real estate fund is showing signs of recovery after years of financial woes with the exception of one asset in San Francisco, among the country's hardest-hit markets in the wake of the COVID-19 pandemic.
San Francisco Hotel Market Seen as Drag on Value of Blackstone-Owned Portfolio
New Report Shows 10% Valuation Decrease for Club Quarters Hotels
By Pawan Naidu
CoStar News
February 23, 2024 | 9:30 P.M.
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IN THIS ARTICLE
- Properties
- Club Quarters San Francisco, Embarcadero
424 Clay St, San Francisco, CA
- Club Quarters Boston, Faneuil Hall
161 Devonshire St, Boston, MA
- Club Quarters Chicago, Central Loop
111 Adams St, Chicago, IL
- Club Quarters Philadelphia, Rittenhouse
1628 Chestnut St, Philadelphia, PA
- Companies
- Blackstone Inc.
Finance and Insurance