>Sir Francis Drake Hotel goes on the block

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>The Sir Francis Drake Hotel is up for sale.

Chartres Lodging, a San Francisco-based lodging investment and advisory firm, put the landmark Union Square hotel on the market this week.

Chartres and a Dubai investment group bought the 416-room hotel from Kimpton for $65 million in July 2005, and subsequently invested $20 million more to renovate it. All in, Chartres has invested over $204,000 per room.

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