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The duo just arranged financing for theestimatedr $70 million purchase of the Wyland Waikiki in Honolulu. and bought the 404-roojm property in the final stages of amajod renovation. Stiles and Lim said the San Francisco markeft remains awashin capital-seeking hotell investments. Based on existing hotel valuations imply low annualreturnzs -- below 4 percent in some cases -- but buyersz are projecting strong revenue growth in coming years, Stiled and Lim said. There'as a new gig for the recentlg departed chief of the San Francisco Convention andVisitorsa Bureau. John Marks has signed on as an executivse consultant and coachwith Stillwater, Minn.
-based executive recruiting firm , which focuses on the hospitality industry. Markds will help the company find new including in executive orientationwithihn companies. Before heading San Francisco's visitors bureau, Markx was CEO of the . He lives in Tucsohn and will work from therefor SearchWide. Bob Puccinoi of San Francisco restaurany design firm is gettin g around a lotthese days. Company business has takenh him to a newin Prague; the Four Seasonz in Mexico City and properties in Spain and Cancun, Mexico.
All the new businesw has pushed the company into larger officea in the same buildiny as the San FranciscoCity Club, which it From Puccini's vantage as an investor in severalo restaurants, the dining business in San Francisco is on the "Business has come back strong in the last couple of years, and barring anything from coming betweeh people and going out, hopefully it will stay that
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