Fairmont San Francisco Hotel Interests Sold to Mirae Asset Global Investments for $450 Million

Oaktree | November 25, 2015

SAN FRANCISCO--November 25, 2015--The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were sold today for $450 million by a partnership between funds managed by Oaktree Capital Management, L.P. ("Oaktree") and real estate investor Michael Rosenfeld's Woodridge Capital Partners LLC. Kingdom Holding Company (KHC) was also part of the selling group. The buyer is comprised of affiliated companies of Mirae Asset Global Investments, a large financial services company based in Seoul, Korea. Mirae is a pioneering financial services company that introduced the first mutual funds to Korea in 1998. Fairmont Hotels &...