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Hilton Worldwide Acquires 1,024-Hotel in San Francisco’s Union Square

2/19/15

Hilton Worldwide has acquired 55 Wyndham San Francisco – Union Square, a 1,024-room hotel in one of the world’s most desirable tourist locations. The property, which will be renamed Parc 55 San Francisco a Hilton Hotel, also includes 54 suites and more than 30k sf of meeting and function space to Hilton’s existing portfolio of San Francisco hotels.

Although the deal value was not disclosed, other sources are pegging a price tag of over $500 mil. The asset is located at 55 Cyril Magnin St, a block west of Market St, between Eddy and Ellis Streets.

Parc 55 is one of five landmark properties purchased from the proceeds of the sale of the Waldorf Astoria New York. The other hotels in the transaction include: The Reach, A Waldorf Astoria Resort and Casa Marina, A Waldorf Astoria Resort, both in Key West, and Hilton Orlando Bonnet Creek and Waldorf Astoria Resort Orlando.

The hotel will be managed by the existing general manager of the property, John LaFortune. Boasting 23 meeting rooms featuring dramatic views of the city, advanced audiovisual equipment and a business center with free Wi-Fi and fax, copy and printing services, the hotel is ideal for groups of 10-700.

Featuring artwork throughout the hotel lobby created by artists Sydney Bridges and Alex Garcia, Parc 55 also boasts a full-service 24- hour fitness center, 55 Fitness. The center offers high-tech cardio and weight equipment allowing guests on the road to stay on target with fitness routines. Additional amenities include a 135-space parking garage with a Juice Bar for automobile charging and an array of dining options including authentic Thai eatery, Kin Khao, Cable 55 Restaurant which features innovative American cuisine and grab-and-go style Barbary Coast.

Parc 55 complements its new sister hotel, Hilton San Francisco Union Square, located just a couple of blocks away at 333 O'Farrell St. The two properties will be able to attract and accommodate larger groups with nearly 3,000 rooms and 165k sf of functional meeting space combined.






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