Oxford Capital Group Acquires Four Hotels from APIC

Main Photo: The Hotel Vertigo, one of the four San Francisco hotels acquired

Date: April 2019

Location: San Francisco, California, USA

Name: Hotels Vertigo, Good, Americana and Carriage Inn

No. of Keys: 418

Seller: American Pacific International Capital – APIC.

American Pacific International Capital was founded in 2002 and is headquartered in the San Francisco, California. APIC is a diversified international investment holding company with businesses throughout the US and China.

The sale leaves them with the Hotel Metropolis. In addition, APIC owns and develops two residential projects in downtown San Francisco, two large shopping malls in California, and some residential real estate in Oregon.

In China, APIC owns and operates three luxury hotels, Hainan Junhua Haiyi Hotel (5 Star), Shantou Junhua Haiyi Hotel (5 Star) and Shantou Haiyi Panorama Hotel. In addition, APIC also owns and operates multiple high-rise residential development projects in Shantou, China.

APIC is headed up by Gordon Tang, Chairman, No. 32 in Forbes 2018 Singapore’s 50 Richest List.

Buyer: Oxford Capital Group – Oxford Hotels & Resorts

Oxford Capital Group, LLC is an international real estate investment, development and management firm specialising in high value-added acquisitions, developments and redevelopments, with an emphasis on hospitality, mixed-use, senior housing and other operationally intensive real estate.

Oxford Hotels & Resorts, LLC is Oxford’s wholly owned hotel management company specialising in operating, managing, and branding distinctive high-design lifestyle hotels.

Oxford is focused on the nation’s top 50 MSA’s and other select urban and resort markets with unique attributes.

Oxford’s national developments have included Hotel Lexington NYC, Metropolitan Hotel NYC, National Conference Center in Northern Virginia, and the Godfrey Hotels Chicago, Boston, Tampa and Hollywood.

Oxford’s Chicago hotel projects have included Hotel Essex, Essex on the Park luxury apartments, The Langham, LondonHouse, The Godfrey, Hotel Julian, Claridge House, Hotel Felix, Hyatt Magnificent Mile (formerly the Wyndham Chicago), Hotel Cass, Renaissance North Shore, Doubletree North Shore, Hyatt House Northwest, and Hotel Versey.

The four hotels are situated in San Francisco’s neighbourhoods Nob Hill and South of Market. Oxford said it plans to renovate and re-position its new assets. It did not disclose the exact terms of the sale.

“This is a compelling time to be buying these hotels, amidst increasing hotel demand created by the reopening of the renovated and expanded Moscone Center, the continued influx of new Class A office and residential buildings, and record-breaking leisure visitation to downtown San Francisco,” Sarang Peruri, principal at Oxford Capital Group band Oxford Hotels & Resorts said in a statement.

“The properties are centrally located, with large guestrooms and good ‘bones’ allowing for an attractive canvas to create distinctive guestrooms and public areas.”

THPT Comment: Great deal for Oxford Capital to add these four hotels to their portfolio.

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