Originally Posted by LarkSFO

http://www.sfgate.com/cgi-bin/articl...BUGR1OFJPP.DTL

"That $200 million paid for San Francisco's Fairmont Hotel is just the beginning.

The new owners, Woodridge Capital Partners and Oaktree Capital Management, who closed the deal Tuesday, plan to spend another $20 million renovating the hotel's 591 guest rooms over the next two years.

The renovations will include carpets, bedding, nightstands, upholstery, freshly painted walls - the works, Woodbridge Capital CEO Michael Rosenfeld told The Chronicle's David R. Baker."