Investors flip two S.F. hotels

Newly arrived hotel investor Haiyi has snapped up two more San Francisco inns after a frenetic 14 days that saw the properties change hands twice.
The hotels were two of Personality Hotels’ three foreclosed properties in San Francisco, the Hotel Metropolis and Hotel Vertigo. They were sold, along with Personality’s Hotel Frank, to Aspen Capital Management and its capital partner, AEW Capital Management, for an undisclosed price on Dec. 1.
On Dec. 15, just before San Francisco’s transfer tax increased, Aspen sold the Metropolis and Vertigo to Haiyi, a San Francisco-based hotel division of Portland, Ore.’s American Pacific International Capital.

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