A significant transaction is underway in San Francisco's hospitality sector. The Hyatt Regency San Francisco is being sold by Sunstone Hotel to funds managed by Blackstone. The sale price for the property is $279 million.

Blackstone, a well-known investment firm, is acquiring the hotel through its funds. Further details about the sale can be found through Seeking Alpha, which reported on the transaction. The source provides more information on the deal, including the involvement of Blackstone funds and the sale price.