San Francisco’s Hotel Union Square at 100 Powell Sells in Auction for $30MM After $102MM Loan Default

Historic property sells for fraction of debt amid citywide industry rebound When a historic San Francisco hotel sells for 70 percent below its debt load, it either signals financial catastrophe or a calculated bet on recovery—and investors are increasingly wagering it's the latter. Commercial real estate investor Mahmood Alam has acquired the shuttered Hotel Union […]