The 34-room City Center Inn & Suites hotel at 240 7th Street is now on the market with a $32 million price tag in Western SoMa.

While it might seem like an eye-popping price on a per room basis, the hotel sits on three parcels which stretch from 7th to Langton and total over a third of an acre. And the 240 7th Street site, which is two doors down from the proposed 20-unit building to rise on the former Rawhide Club parcel, is zoned for development up to 65 feet in height.

Plans to redevelop the site with a mix of condos, apartments and new 80-90 room hotel were quietly being explored a couple of years ago but were subsequently abandoned. We’ll keep you posted and plugged-in.

6 thoughts on “34-Room Hotel on the Market for $32 Million in Western SoMa”
  1. At almost $1 million per room, and if each room averages $150/ night, you’d just have to rent every single room over 6,000 times for this to break even (not including property taxes, utility costs, staff…)

  2. Reviews on Tripadvisor

    Reviewer1: “Choose an other place to stay”

    Reviewer2: “Hard to swallow price for what you get.”

    54% rated “Terrible”
    3% rated “Excellent”

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