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JLL Arranges $150M Refi for Iconic Fairmont San Francisco
JLL Hotels & Hospitality arranged a $150 million refinancing for the 606-key, historic Fairmont San Francisco. The five-year, non-recourse loan was secured through United Overseas Bank on behalf of the borrower, an affiliate of Mirae Asset Global Investments.
Listed on the National Register of Historic Places, the Fairmont first opened in 1907 and is known for hosting every U.S. President since William Howard Taft, celebrities and also for being the first hotel in the country to offer concierge service.
JLL’s Kevin Davis say, “This transaction is one of several recent closings that illustrates the increased availability of debt for high-quality hotels with strong sponsorship and good pre-COVID performance.”
Since 2015, the Fairmont San Francisco has undergone $16 million in renovations to public areas, guestrooms and infrastructure items. The hotel re-opened in September after suspending operations in April due to the pandemic.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


