After $221 million sale, this downtown S.F. hotel will be the only new opening of 2023
Aug. 2, 2023 | Updated: Aug. 2, 2023 9:43 a.m.
San Francisco’s only new hotel of 2023 is opening in September in the heart of the Financial District, in a major bet on the continued recovery of tourism and business travel.
Owner KHP Capital Partners is rebranding the former Le Méridien hotel at 333 Battery St. as the Jay after a major renovation. The firm bought the hotel for $221 million in 2021 from Park Hotels & Resorts — the hospitality company that is also giving up two of the city’s biggest hotels after ceasing mortgage payments.
While other real estate investors are fleeing the city, KHP is finishing up renovations on a new lobby, fitness center, meeting rooms and all 360 guest rooms. Two new restaurants operated by Omakase Restaurant Group are opening in the hotel: Third Floor in the fall and Sage at the beginning of next year. AvroKo is the interior designer.
Congratulations to the project team for the bold distinction of the only hotel opening in San Francisco in 2023. The Le Meridien renovation and rebrand to the Jay updates a strategically located lodging venue between the Financial District and tourism driven embarcadero.
ima provided landscape architecture services for the renovation project. ima's primary project influence spaces included the roof deck as well as strategic touches in the porte cochere, appropriate to the needs of this urban locale.