The Huntington Hotel in San Francisco's Nob Hill was bought out of foreclosure after its owner defaulted on a $56.2 million mortgage during the pandemic. Restaurateur Greg Flynn and hospitality group Highgate now own it and plan to reopen in 2025 after renovating the 135-room property and its Big Four restaurant.
After its owners defaulted on their debt during COVID the iconic Huntington Hotel in San Francisco's Nob Hill neighborhood fell into foreclosure, but it was just purchased by a high-end hospitality group with plans to bring it back to life. This is Austin Klar, your lawyer turned real estate agent and real estate developer in San Francisco, and the 12-story, 135-room hotel closed during the pandemic after its owner, Woodridge Capital, defaulted on a $56.2 million mortgage and its lender, Deutsche Bank AG, threatened foreclosure. A group led by restaurateur Greg Flynn and hospitality group Highgate bought the property out of foreclosure with plans to renovate it and reopen it in 2025. The contemplated upgrades include upgrades to the guest rooms, public spaces, and amenities, including the Big Four restaurant and spa. I don't know about you, but I'm super excited for this iconic hotel to come back. Follow me for more Bay Area real estate news.
