KIMCO HOTEL & RESTAURANT MANAGEMENT CO. ASSUMES MANAGEMENT OF LANDMARK SIR FRANCIS DRAKE HOTEL

PR Newswire | December 7, 1993 | Copyright 
 
    SAN FRANCISCO, Dec. 7 /PRNewswire/ -- The historic Sir Francis Drake Hotel, located on Union Square, received new ownership on Dec. 2 and will be operated by Kimco Hotel & Restaurant Management Co. which currently manages 17 hotels and 16 restaurants on the West Coast.  The new owners are the Sir Francis Drake Hotel Associates, a limited partnership.  Prior to acquisition by the new owner, the hotel was closed pursuant to procedures resulting from the bankruptcy and foreclosure process. 
    The rejuvenated hotel will capture the traditioin while upgrading the decor and ambiance. ...

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