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Kimpton Sells Argonaut Hotel in San Francisco for $84M

Pebblebrook Adds 252-Door Fisherman’s Wharf Property to Portfolio
By Laurie Forbes
February 24, 2011 | 5:30 P.M.

Kimpton Hotel & Restaurant Group LLC sold the 252-room Argonaut Hotel in the Fisherman’s Wharf area of San Francisco, CA, for $84 million, or approximately $333,333 per room. Pebblebrook Hotel Trust, the buyer, assumed a $42 million secured loan that matures next March and paid the rest in cash.

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