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Hotel Mayflower

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Address: 975 Bush St, San Francisco, CA 94109, USA

California & West + Hospitality

Created date: July 31, 2024

Date last updated: September 24, 2024

-Historic Nob Hill Hotel
-Charming Lobby with Hand Painted Ceiling
-82 Tourist, 12 SRO, 5 Bonus Rooms
-All Rooms w/ Private Baths and Kitchenettes
-22 Car Garage
-Large Retail Space
-2 Elevators – Updated in 2005
-Copper Supply Lines Throughout
-All Windows Replaced
-New Wiring to All Rooms in 2019

Property Description

The Hotel Mayflower is a rare 94 room tourist hotel in the heart of San Francisco’s Nob Hill. This property has been owned and operated by the same family since its construction in 1927. This beautiful property exudes the character and charm that exemplifies the era and its historic location. Guests are greeted by a Spanish Colonial designed grand entrance with arched windows and painted beamed ceilings. A mezzanine looks down into the lobby, adding to its scale and character. The property consists of 82 tourist rooms and 12 residential rooms, there are an additional 5 rooms to be used at the owner’s discretion. All rooms have private baths with shower over tub, and kitchenettes with a sink and microwave. Many of the rooms have excellent San Francisco views. At lobby level is a dining area for guests to enjoy. Beneath the ground level is a large garage that can accommodate over 20 cars, providing an essential convenience for hotel employees and operations. At the western corner of the building is a separate commercial space that is currently operated as a grocery store. The store is leased on a month to month tenancy. The commercial space is approximately 3,300 square feet with high-ceilings and great light and would be well-suited to many different business types. The property has been maintained and upgraded to a high-standard. Recent improvements include 3-Phase Electric, new wiring to all rooms, copper supply lines throughout, elevator mechanical upgrades, sprinkler and fire monitoring system, and newer windows. Seldom will one find an asset that has been maintained to this standard. The foundation has been laid for a new owner to step in with a more aggressive management style and significantly increase occupancy and income

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Hospitality
Price:	$19,000,000
No. of Units:	94
Opportunity Zone:	No
Price per unit:	$202,128