Globe Hotel 10 Hallam St

This is a perfect opportunity to pick up a San Francisco asset at a reduced price with guaranteed
income and zero management duties.
The Globe hotel is a 4-Story, 33-unit interior corridor hotel with a ground floor commercial
space. It is currently fully leased out to a non-profit with a five-year term that began in December of
2023 with an option to extend the lease for another 2–5 year terms.
The hotel was renovated in 2023, and the current lessee has been maintaining the building,
keeping it in pristine condition.
The in-place lease which also provides for a 4% yearly rent increase, gives an investor steady
income while waiting for the San Francisco market to rebound to it’s full potential again.
As per the San Francisco Travel Association report, tourism has had a slight dip in 2024 but is
expected to rebound back to 2019 levels in 2025 along with an increase in convention business.
The San Francisco convention business is seeing a moderate uptick and will take a few more
years to get back into full swing.
San Francisco Travel Association Forecasts Modest Growth in Visitor Arrivals and Spending in
2024 | San Francisco Travel (sftravel.com)
Whether you are looking for a hands-off investment with a great initial return or thinking
about returning this back to a hotel operation once the economy rebounds, the Globe Hotel is
a perfect and safe fit for an investor to park their capital.