Holiday Inn in San Francisco is sold to joint venture

02/14/2013 | HotelsMag.com (free registration)

Summit Hotel Properties has closed on a deal to buy the 252-room Holiday Inn Express & Suites San Francisco Fisherman's Wharf for $60.5 million. Summit purchased the property through a joint venture with an affiliate of InterContinental Hotels Group, which will own 20% of the hotel.

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