The property becomes the 19th in the Sage Independent Hotel Collection and brings the total number of hotels Sage operates in San Francisco to four.
“We’re thrilled to continue the growth of both our portfolio of independent lifestyle hotels and our presence in San Francisco, which is a key growth market for Sage,” said Daniel del Olmo, president, hotels and restaurants, Sage Hospitality Group. “As we progress on our journey to become America’s favorite lifestyle hospitality company, YOTEL’s innovative approach to hospitality and technology aligns perfectly with our areas of expertise and focus.”
Opened in February 2019, the 203-room hotel was the brand’s first adaptive re-use office conversion project and its first property on the West Coast. Constructed in 1905, the Grant Building—now home to YOTEL San Francisco—is one of three that survived both the 1906 and 1989 earthquakes in San Francisco. Blending the old and new, YOTEL incorporates tech-forward amenities such as self-check-in kiosks, whilst also maintaining the building’s historic charm, incorporating many original features into the hotel design, from exposed brick walls to arched windows and its original marble staircase.
The addition of YOTEL San Francisco to the Sage portfolio marks the start of a new working relationship between Sage and Monarch Alternative Capital. Monarch took ownership of the hotel in late 2022 following a loan purchase in the asset, adding to the firm’s hospitality portfolio.
Tags: Daniel del Olmo, Monarch Alternative Capital, Sage Hospitality Group, Yotel San Francisco
