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by Matt Alderton | February 24, 2015
Loews Hotels & Resorts has agreed to purchase the Mandarin Oriental San Francisco Hotel, it announced last week. The deal, which is expected to close in late March, will give Loews its first San Francisco hotel.

Located in San Francisco's Financial District, the hotel is situated on the top 11 floors of San Francisco's third-tallest office building. It has 158 guest rooms, a signature restaurant, over 5,000 square feet of meeting space, and a new 8,000-square-foot spa and fitness center.

"This will be our first entree into San Francisco, a major gateway market and a very important location for Loews Hotels' core customer base," Loews Hotels & Resorts President and CEO Paul Whetsell said in a statement. "We have been exploring opportunities to enter the San Francisco market for some time, so we are thrilled to add such a respected five-star hotel to our growing brand."