14 years
Developer plans to revive S.F.'s Grant Building
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/16/BUEL1BIPPA.DTL
Johnson, 31, worked on a hostel project in Melbourne for an Australian company and bought the Grant for $9 million in 2008. He says the hostel choice makes economic sense, given the San Francisco office market downturn and the city's healthy tourism trade.
"The hostel is a profitable business concept that is better known in Europe and Australia," said Johnson, who is undertaking the project without partners. "It will appeal to a higher-end backpacker."
Finally a big AND nice hostel in the USA!
94 rooms, restaurant/cafe/bar and rooftop bar: that´ll be a massive place. The guy doesn´t seem to be a newbie, so I think it´ll be SF´s top rated and most popular hostel.
Very bad news for the other hostels in SF. They´ll have to improve a lot or will be crowded out.
Log in to join discussion