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KSL Capital Partners Buys Bay Area Hotels at Discount

Published 3 days, 22 hours ago
Description

KSL Capital Partners capitalizes on hospitality industrys downturn, acquiring two Bay Area boutique hotels through foreclosure deals. The Lodge at Tiburon and Toll House Hotel, previously owned by Procaccianti Cos., were sold for significantly less than their initial purchase prices due to the pandemics impact on travel and business. Despite the setbacks, experts see potential in these prime-location properties, signaling investor confidence in the sectors recovery.

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