Santa fe financial corp

What Santa fe financial corp does

Santa Fe Financial Corporation (OTCMKTS:SFEF) is a public investment holding company organized under the InterGroup corporate structure. It is 79.9%-owned by The InterGroup Corporation (NASDAQ:INTG) and in turn owns approximately 68.8% of Portsmouth Square, Inc. (OTCMKTS:PRSI), the entity through which it conducts its principal operating activities. Portsmouth Square holds a 50% limited partnership interest in Justice Investors, a California limited partnership that owns the 558-room Hilton San Francisco Financial District hotel at 750 Kearny Street, San Francisco, including a five-level underground parking garage and a leased day spa operated by Tru Spa, LLC. The CEO and Chairman, John V. Winfield, serves in the same capacity at both Santa Fe and InterGroup, indicating a closely governed controlled group.

The company generates revenue from four streams: hotel operations (room revenue, food and beverage, parking, and spa lease) at the Hilton property, real estate rental income from a portfolio of 16 apartment complexes, two single family houses, two commercial buildings, and unimproved land parcels concentrated in Texas and Southern California, returns on marketable securities and private equity investments managed through an internal Securities Investment Committee, and General Partner fees of 1.5% of Justice Investors' gross annual revenues (with a ~$285K minimum base). The Hilton property is operated under a 15-year Franchise License Agreement with Hilton Hotels Corporation (commencing 2006, with 5-year extension option) and managed by Prism Hospitality L.P. under a 10-year agreement; Ace Parking Management operates the parking garage.

The company's go-to-market is asset-based rather than sales-driven: hotel demand flows through Hilton's reservation and loyalty distribution channels, residential leasing is conducted directly through property leasing offices, and investment returns are generated through internal capital allocation. The company has 1-10 employees, no proprietary technology, and no AI/ML or software product surface. It is not a technology business; it is a small, publicly traded real-estate-and-hospitality holding company whose value is a function of underlying property cash flows, securities portfolio performance, and the long-dated Hilton franchise relationship.

Name

Santa fe financial corp

Legal name

Santa Fe Financial Corporation

Website

https://intgla.com

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

1–10 employees

Short description

Santa Fe Financial Corp (OTCMKTS:SFEF) is a public holding company, 79.9%-owned by The InterGroup Corporation, that invests through Portsmouth Square, Inc. (68.8% owned) in the 558-room Hilton San Francisco Financial District and a portfolio of 16 apartment complexes in Texas and Southern California.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Hotel Operations: Revenue from hotel room rentals, food and beverage services, and parking garage at the Hilton San Francisco Financial District (558-room hotel). Room revenue is recognized when guests occupy rooms. Food and beverage revenues are recognized upon delivery. Garage revenue is recognized when guests use the garage.
2. Real Estate Rental Revenue: Revenue from 16 apartment complexes, two single family houses, two commercial buildings and unimproved land parcels concentrated in Texas and Southern California. Rental revenue is recognized on a straight-line method.
3. Investment Returns: Returns from investment in marketable securities and other investments, including trading securities and private equity investments. Net gains and losses are included in earnings.
4. General Partner Fees: Fees earned as general partner of Justice Investors for overseeing and managing partnership assets. The General Partner Compensation Agreement provides for 1.5% of gross annual revenues of the Partnership, with minimum base of approximately $285,000.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Santa Fe Financial Corp is a publicly traded holding company that owns approximately 68.8% of Portsmouth Square, Inc., which in turn holds a 50% limited partnership interest in Justice Investors, the owner of the 558-room Hilton San Francisco Financial District hotel. The company also has exposure to a multi-family real estate portfolio of 16 apartment complexes, single family houses, commercial buildings and land in Texas and Southern California, and to marketable securities and private equity investments.

Product overview

Santa Fe Financial Corp operates as a diversified investment holding company within The InterGroup Corporation's corporate structure. The company maintains investments in real estate and hospitality through its subsidiaries—primarily holding 68.8% of Portsmouth Square, Inc. Portsmouth Square's core asset is the Hilton San Francisco Financial District, a 558-room hotel operated under Hilton franchise. Additional real estate holdings include 16 apartment complexes, commercial buildings, and land across Texas and Southern California. The company does not appear to offer technology products, software, or AI-powered services.

Differentiator

Problem solved

Functional benefit

Products and services

• Hilton San Francisco Financial District Hotel A 558-room full-service Hilton brand hotel located at 750 Kearny Street, San Francisco, CA 94108, including a five-level underground parking garage and a day spa lease. Operates under a Hilton franchise license and is targeted at business and leisure travelers in the San Francisco Financial District. The hotel also contains food and beverage outlets and event venue space.
• Multi-Family Real Estate Portfolio A portfolio of 16 apartment complexes, two single family houses, two commercial buildings and two unimproved parcels of land concentrated in Texas and Southern California. Owned and operated by The InterGroup Corporation (the parent of Santa Fe Financial Corp), with rental revenue recognized on a straight-line method and targeted at residential tenants and commercial lessees.
• Investment Portfolio (Marketable Securities and Private Equity) Holdings in marketable securities, trading securities and private equity investments, with net gains and losses included in earnings. Managed through an internal Securities Investment Committee and targeted at generating investment returns for the holding company.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Ace Parking Management, Inc.minorImplementation/ SI/ Consulting Partner · 1 October 2008Justice Investors assumed Evon's parking garage management contract with Ace Parking commencing October 1, 2008. The agreement was extended for 62 months, effective November 1, 2010, to manage the five-level underground parking garage.
• Prism Hospitality L.P.coreImplementation/ SI/ Consulting Partner · 2 February 2007Justice Investors entered into a management agreement with Prism to manage and operate the Hilton San Francisco Financial District as its agent. The agreement is effective for a ten-year term. Prism receives base management fees of 2.5% of gross operating revenues, with 0.75% conditional on hotel performance exceeding return thresholds.
• Hilton Hotels CorporationcoreOEM/ Whitelabel/ Licensing Partner · 10 December 2004Justice Investors (Portsmouth Square subsidiary) operates the Hilton San Francisco Financial District under a Franchise License Agreement with Hilton Hotels Corporation. The agreement has a 15-year term commencing January 2006, with an option to extend for another five years. The Partnership pays royalty fees of 3-5% of gross room revenue plus 4% program fees and technology charges.
• Tru Spa, LLCminorChannel Partner/ Reseller/ DistributorTru Spa LLC leases day spa facilities on the lobby level of the Hilton San Francisco Financial District. The lease agreement expires in May 2013 with minimum monthly payments of $14,000, subject to Consumer Price Index increases.

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Ashford Hospitality Trust: Small-cap externally advised REIT with full-service and select-service hotels under major brands. Comparable in scale, asset focus, and franchise-driven operating model.
• Reading International: Diversified small-cap holding company operating real estate (cinemas, entertainment) and hotels. Comparable structure as a publicly traded diversified holding with operating real estate assets and a similar investor profile.
• Sotherly Hotels: Small-cap publicly traded hotel REIT owning full-service, upper-upscale hotels under Marriott, Hilton, and Hyatt franchises. Comparable due to similar scale, full-service urban hotel focus, and franchise-fee cost structure.
• Hersha Hospitality Trust: Small-cap hospitality REIT focused on urban, branded, boutique-style hotels in gateway markets. Comparable in scale and in operating branded urban hotels with franchise arrangements.
• Portsmouth Square, Inc. 75%-owned subsidiary of InterGroup and majority-owned (68.8%) by Santa Fe Financial. Holds the 50% LP interest in Justice Investors that owns the Hilton SF Financial District. Closest subsidiary-level peer with shared asset ownership.
• Braemar Hotels & Resorts: Small-cap luxury and upscale hotel REIT focused on full-service, branded resort and urban hotels. Comparable in scale and full-service branded hotel strategy.
• Chatham Lodging Trust: Small-cap lodging REIT investing in premium-branded upscale extended-stay and focused-service hotels. Comparable as a small-cap publicly traded hospitality vehicle.
• Condor Hospitality Trust: Small-cap publicly traded hospitality REIT operating premium-branded hotels across the U.S. Comparable as a small-cap hotel-focused public entity with similar asset concentration in select-service/full-service branded properties.
• Medalist Diversified REIT: Small-cap publicly traded REIT focused on value-add multifamily properties. Comparable as a small-cap real estate-focused public entity with limited institutional following.
• The InterGroup Corporation: Direct parent company that holds 79.9% of Santa Fe Financial. Operates the same multi-family residential portfolio in Texas/SoCal and the same Hilton SF Financial District through the same subsidiary chain. Most directly comparable entity given shared assets, management, and governance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/the-intergroup-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Santa fe financial corp