Paul Hastings Advises Ultima Hospitality on the Acquisition of Two Hotels Next to the San Francisco International Airport
Los Angeles, CA – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Ultima Hospitality, a Chicago-based real estate investment and hospitality management group, on the $125 million acquisition of the Westin San Francisco Airport and the Aloft San Francisco Airport. The adjoining hotels are located next to the San Francisco International Airport – one of the world's busiest travel hubs – and 20 minutes from downtown San Francisco. The firm also handled the related $100 million financing from Blackstone.
The hotels will be managed under long-term license agreements by Ultima Hospitality and will continue to operate under the Westin and Aloft brand flags.
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