BabyBoomer50s
Capitalist
- Joined
- Nov 27, 2018
- Posts
- 11,072
I didn’t mean to say or imply the hotels are closing. Per the article:Neither of those hotels have left & neither said anything about crime.
“The Hilton Union Square and the Parc 55 are open for business and will stay open for business. They are more vital than ever as we approach the summer high tourist season with a continuing increase in inbound visitors,” Alex Bastian, president and CEO of the Hotel Council of San Francisco told KRON4. “It is not uncommon for hotel ownership to change. While the timing of this may appear less than ideal, we fully expect new ownership to come forth.”
https://www.kron4.com/news/bay-area...n-parc-55-cease-payments-on-hotel-properties/
“In San Francisco’s biggest potential hotel default yet, Park Hotels & Resorts last week said it has stopped making loan payments on debt secured by the Hilton San Francisco Union Square and Parc 55 San Francisco.“