Businesses Give Up On San Francisco: Owner To Abandon Two of the City’s Biggest Hotels

San Francisco’s downtown area is facing further disinvestment as the owner of two prominent hotels, Hilton San Francisco Union Square and Parc 55, has announced its decision to cease mortgage payments and relinquish the properties.  Park Hotels & Resorts (NYSE: PK), the owner, announced on Monday that it had stopped making payments on a $725 … Continue reading Businesses Give Up On San Francisco: Owner To Abandon Two of the City’s Biggest Hotels