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Carey Watermark Acquires Iconic Ritz-Carlton, San Francisco

Carey Watermark Investors 2 Incorporated (CWI 2) acquired The Ritz-Carlton, San Francisco hotel from Annapolis, MD-based Thayer Lodging, Brookfield Hotel Properties for an undisclosed price.

More than $20 million of capital improvements have been completed since 2014 at the 336-room Nob Hill property, including the renovation of all guest rooms and comprehensive updates to the lobby, restaurant, meeting and event space, and spa. Two new retail outlets and a fitness center were also added during the renovation.

The REIT’s Michael Medzigian says, “As the highest-rated luxury property in a globally recognized destination, the acquisition of The Ritz-Carlton, San Francisco is a significant addition to the CWI 2 portfolio.”

The 18-column, Napoleon Le Brun & Sons-designed nine-story building spans Stockton St., and was originally developed in 1909. The neo-classical treasure holds San Francisco landmark status and, after an extensive four-year renovation, re-opened in 1991.

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at CWI 2Connect With WI 2’s MedzigianConnect With Thayer Lodging

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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