An unknown buyer entered into an agreement to acquire Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. for $75 million on March 23, 2022. The property is being sold for $444,000 per key.

The sellers have received $7.5 million of nonrefundable earnest money from the buyer and expect to close the transaction in the second quarter of 2022.