Press Release
December 11, 2000
LOS ANGELES, CA -- Oakwood Worldwide (www.oakwood.com) has announced the completion of a $3.575 million acquisition
for a 15-unit boutique apartment property, located at 900 Powell St., on Nob Hill in San Francisco.
The historic property, first built in 1907 and formerly known as Nob Hill Suites, will be renamed Oakwood San Francisco.
It enjoys one of San Francisco's finest locations, with the Cable Car running directly past the property, and close
proximity to the Financial District, Fisherman's Wharf, Union Square, Chinatown and Pac Bell Park.
In 2001, Oakwood Worldwide plans more than $1 million of renovations at the property, and will offer the apartments
for lease as corporate housing, with a one-month minimum stay.
Serving a clientele of relocating corporate executives and other extended-stay travelers, Oakwood's corporate housing
units are completely decorated with designer furniture, linens, dishes, phone, cable TV and home electronics.
Oakwood Worldwide now owns or manages more than 2,500 apartments throughout the San Francisco Bay Area.
Oakwood Worldwide is the leading global provider of corporate housing (also known as ``serviced apartments''),
with locations throughout North America, the Asia-Pacific region and Europe.
For reservations at Oakwood San Francisco or any Oakwood location worldwide, call 800/888-0808 (U.S. toll-free),
or go to www.oakwood.com.
Los Angeles-based Oakwood Worldwide is a privately held company.
Note to Editors: Photo available upon request.
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Contact:
Oakwood Worldwide, Los Angeles
Robert Philips, 310/444-2383