Monday, October 30, 2006

The power of a marquee restaurant

Per room sales price, Campton Place, paid by Kor Hotel Group, fall 2005: $400,000

Per room sales price, Renaissance Parc 55, the fourth-largest hotel in the city, paid by Rockpoint Group and Highgate Holdings, fall 2006: $170,000

Same brokerage firm. Same neighborhood.

Management matters. Branding matters. Food matters.

Free link: S.F.'s Parc 55, Oakland Marriott sold: Larry Chan makes trio of hotel deals fetching $250 million (Oct. 27)

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