US: The Huntington Hotel in San Francisco has been purchased by hotel management, investment and development company Highgate and hospitality and commercial real estate owner Flynn Properties.
Highgate and Flynn Properties aim to renovate The Huntington’s public areas, guest rooms, the Big 4 Restaurant and Nob Hill Spa. It is expected to reopen in 2025.
Arash Azarbarzin, CEO at Highgate, said: “Highgate’s philosophy has always been to pursue opportunities where we have a distinct ability to add value. Under our stewardship, The Huntington will reclaim its mantle as an indispensable component of the San Francisco community, through a revitalisation project that will celebrate its heritage while making significant upgrades to meet the expectations of today’s guests.
“We look forward to partnering with the associates, the community and Flynn Properties in achieving these objectives, and we are thrilled to make another significant investment in the San Francisco hotel market,” he added.
Greg Flynn, founder and CEO at Flynn Properties, said: “I could not be more excited about the opportunity to bring the iconic Huntington Hotel back to its former glory and beyond. Being a San Francisco native and current resident, I am deeply committed to this city. The opportunity to contribute to its renaissance through investment in one of its true treasures is a privilege, and I am committed to making sure that it is done to perfection.
“I am also excited to partner with Highgate. This is our second partnership with the firm, and they bring an invaluable wealth of experience and expertise to the project.”
Assets within Flynn Properties’ portfolio include the Carneros Resort & Spa and Solage, both located in California’s Napa Valley; Esperanza and Chileno Bay, both located in Los Cabos, Mexico; and the Hotel Madeline in Telluride, Colorado.
The Huntington Hotel is the latest addition to Highgate’s luxury and lifestyle division, which includes over 7,500 keys with 2,100 keys under development. In San Francisco, the group has recently renovated and rebranded the Hyatt Regency SoMa, whilst elsewhere Highgate has completed the renovation of the Newbury Boston and the Knickerbocker Hotel and Park Lane Hotel in New York City.