Overview
- The Phoenix Hotel’s lease expires January 1, 2026, leading owner Chip Conley and partners to forgo renewal after nearly 40 years of operation.
- The San Francisco Baking Institute paid $9.1 million for the property in 2024 and will decide whether to retain the Phoenix name and brand.
- Conley and managing partner Isabel Manchester point to sustained losses since COVID-19 and worsening conditions in the Tenderloin as key factors in the closure.
- Since its 1987 transformation from the Caravan Motel, the Phoenix has hosted legends such as David Bowie, Kurt Cobain and the Red Hot Chili Peppers.
- A lineup of commemorative parties and events is planned throughout 2025 to celebrate the hotel’s music-scene legacy before it shuts its doors.