CBRE Hotels Arranges the Sale of the Four Points by Sheraton SFO

San Francisco, California – February 5, 2014 – CBRE Hotels is pleased to announce the sale of the 101-room Four Points by Sheraton SFO located at 264 South Airport Boulevard in South San Francisco, California.  Peninsular, Inc. sold the property to Summit Hotel Properties, Inc. (NYSE: INN) for approximately $21.3 million, or over $210,000 per key.

Situated only 1.5 miles north of San Francisco International Airport, between the region’s chief economic drivers of San Francisco, Silicon Valley, and South San Francisco’s biotech community, the four-story hotel opened in 2001 and features completely renovated guest rooms, Bistro 1 2 3 and Martini Bar, fitness and business centers and ample surface/garage parking.

CBRE Hotels’ San Francisco team, Henry Bose and Mark McDermott, arranged the sale of the asset on behalf of the seller.

CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.