Host Hotels & Resorts and Kokua Hospitality have announced plans to transform the Powell Hotel in San Francisco, US, to a new independent identity and rename it as Axiom Hotel.

In early 2014, the Powell Hotel was acquired by Host Hotels & Resorts for conversion and facilitate management of operations byhotel management firm Kokua Hospitality.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Host Hotels & Resorts executive vice-president and chief investment officer Struan Robertson said: "We are excited to unveil the new name, Axiom Hotel, marking the beginning of a significant transformation that will create meaningful value in this asset.

"The hotel was acquired as part of our strategy of narrowing our investment markets, primarily focusing on gateway cities and urban and resort / conference markets."

"The hotel was acquired as part of our strategy of narrowing our investment markets, primarily focusing on gateway cities and urban and resort / conference markets, while establishing a deeper foothold in those markets by expanding our investments to include upscale properties that may be operated by an independent manager or without a major brand affiliation."

Closed at the end of December, The Powell Hotel is located in the heart of downtown San Francisco, two blocks from Union Square, three blocks from the Moscone Convention Center.

See Also:

According to Host Hotels & Resorts, the property is expected to reopen with 152 rooms as the transformed Axiom Hotel in the fall of 2015.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Kokua Hospitality chief operating officer Phil Tufano said: "We are extremely excited to begin the renovation of the Axiom Hotel.

"Just steps away from the action, the hotel’s innovative expression will exude the historic and energetic elements of San Francisco’s arts, music, and culinary scene all for our guests to savour."