Real Estate

Blackstone Bets on San Francisco Comeback With Luxury Hotel Deal

The Four Seasons Hotel and MKT Restaurant Bar, San Francisco. — The Four Seasons Hotel and MKT Restaurant Bar, San Francisco.Photographer: Smith Collection/Gado/Getty Images

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By Patrick Clark

November 7, 2025 at 5:36 PM UTC

Blackstone Inc. is nearing a deal to acquire the Four Seasons Hotel San Francisco, a bet that the city’s economic rebound will lift the local lodging market.

Blackstone is set to acquire the luxury hotel at 757 Market St. from Westbrook Partners, according to people with knowledge of the matter.