Pebblebrook Hotel Trust, a publicly traded real estate investment trust(REIT) and SH Hotels & Resorts announced the property redevelopment plan at Hotel Vitale in San Francisco. Following an extensive $25.0 million renovation, the hotel will relaunch as 1 Hotel San Francisco and will open in 2021.
The hotel’s 200 guest rooms and suites overlook the San Francisco skyline and the Bay Bridge. SH Hotels & Resorts, a subsidiary of Starwood Capital Group, will manage the property following the completion of the renovation and rebranding program.
“We are very excited to be the first to bring 1 Hotels to the city of San Francisco,” said Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. “The creative, distinctive and true to nature inspired 1 Hotel aesthetic will be a remarkable addition to our portfolio. The relaunch of Hotel Vitale to 1 Hotel San Francisco further demonstrates Pebblebrook’s dedication to pursue sustainable initiatives that not only reduce the environmental impact of our hotels, but also connect our guests and team members to the communities around us. We look forward to guests and locals enjoying world-class, mission-driven, luxury experiences at the 1 Hotel San Francisco.”
“1 Hotel San Francisco will be an exciting addition to the city’s luxury hotel experience, as it is rooted in our mission of inspiring conscious consumption,” said 1 Hotels Founder and CEO & Chairman of Starwood Capital Group Barry Sternlicht. “San Francisco, with its long-standing history as a leader for sustainable change and its focus on preserving nature, is a perfect fit for the 1 Hotels brand.”