A historic San Francisco hotel that’s nestled atop famed Nob Hill was bought for a fraction of its assessed value.
A historic San Francisco hotel that’s nestled atop famed Nob Hill was bought for a fraction of the property’s assessed value, a review of multiple property documents shows.
Highgate Capital and Flynn Properties bought the 135-room hotel at 1075 California Street through a two-step process. On March 17, a group led by Highgate Capital and Flynn Properties foreclosed on the loan and bought the hotel for $29.3 million as outlined in the deed. The 12-story Huntington Hotel in mid-2022 had an overall real estate value of $87.6 million, county assessment records show. The land beneath the hotel alone was worth $51.7 million in July 2022. Woodridge Capital bought the hotel for about $87 million in 2018.
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