L.A. investor snaps up Stanford Court Hotel to add to Nob Hill collection

Enlarge Photo

Noah Berger / Bloomberg News

San Francisco's Stanford Court Hotel has been purchased by Los Angeles real estate investor Michael Rosenfeld, adding to his portfolio of Nob Hill properties.

15 photos

Home of the Day

Sponsor Listing

Marlize van Romburgh

Digital Producer- San Francisco Business Times

Email

Los Angeles real estate investor Michael Rosenfeld has purchased San Francisco's Stanford Court Hotel for an undisclosed amount, rolling it in to a portfolio that already includes two other luxury Nob Hill hotels.

With the purchase of the 393-room hotel at 905 California St. Rosenfeld and his Woodridge Capital Partners now control the 1,367 hotel rooms on Nob Hill. The investors purchased the Fairmont San Francisco in May 2012 and the Mark Hopkins in February 2014, both in partnership with Oaktree Capital Management.

The previous owners spent a reported$33 million to renovate the hotel in 2008, and Woodridge said it plans further renovations to the guest rooms and public spaces in the near future. Last year, the hotel shed its Marriott flag and underwent a major brand change with new features aimed at attracting tech-savvy guests.

"We are honored to have the opportunity to continue to invest in San Francisco with its rich history," Woodridge Capital Partners CEO Michael Rosenfeld said in a statement. "This is the perfect assemblage of three of the world's finest hotels in an incomparable location. We continue to see San Francisco as an incredibly strong luxury hotel market with tremendous appeal for business travelers, conventions and leisure visitors."

Highgate Management will continue to manage Stanford Court, Woodridge said.

The Stanford Court Hotel is located on the site of billionaire railroad magnate, former California governor and Stanford University founder Leland Stanford's palatial mansion, which burned in the fire following the 1906 earthquake.

Woodridge's other holdings include The Fairmont Orchid in Hawaii, The Hyatt Regency Century Plaza in Los Angeles and the Ritz Carlton Kapalua in Maui.

Marlize is the digital producer for the San Francisco Business Times.