San Francisco’s Payne Mansion is better known as one of the most expensive Airbnb properties in the city, given its $10,000-Per-Night tariff. However, the grandeur and popularity of the plush palace may soon be recognized for a full-service hotel and restaurant that is slated to open doors on its premise in the fall of 2018.
Per reports, the Payne Mansion originally belonged to Theodore Fryatt Payne and his wife Mary Pauline O’Brien, an heiress who amassed a fortune from her silver-baron uncle. The exclusive property dates to 1881 and is also listed in the National Register of Historic Places. And in an ode to its historic eminence, the yet-to-be-furbished hotel and restaurant on its premise will also called the 1881. The boutique hotel restaurant and bistro will serve California-French fare and will provide the plushest of comforts for a leisurely evening out. It will include 10 bedrooms, including a presidential suite and three executive suites, two event spaces and a rather luxurious in-house bar, wherein guests will be able to book one room at $74 or the entire hotel for $10,000, including a penthouse space.
The sprawling mansion has also been listed on the market earlier for a price fluctuating between $12 and 13.9 million over the years. It is currently owned by hospitality entrepreneur Bernard Rosenson along with his son who together own numerous properties in California including the Mirabelle Inn in Solvang. If all goes well, the duo’s dream to turn the Payne into a wondrous hotel may soon turn to reality!