Park Hotels & Resorts
Park Hotels Exits 245-Room Sonoma Wine Country DoubleTree as Ground Lease Expires
REIT abandons property amid portfolio restructuring focused on high-performing resort markets Park Hotels & Resorts is leaving California’s wine country, exiting its 245-room...
Conversant and Newbond to Pay $408MM for Hilton San Francisco Union Square, Parc 55 Hotels in San Francisco
By The Registry Staff Two of San Francisco’s most prominent hotels, the 1,921-room Hilton Union Square and the 1,024-room Parc 55, are in...
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...
Park Hotels & Resorts Sells 316-Room Hyatt Centric Fisherman’s Wharf in San Francisco for $80MM
(Editor’s Note: According to a report from the San Francisco Business Times, the buyer was an entity affiliated with EOS Investors based in...
Kor Group’s 131-Room San Francisco Proper Hotel Receives Default Notice on $36.5MM Debt
By The Registry Staff Another San Francisco hotel property is facing financial difficulties. According to public property records, the San Francisco Proper Hotel,...
Park Hotels & Resorts Plans to Shutter Hilton Oakland Airport Hotel Following Receivership Proceedings of Two San Francisco Properties
In a sign of where some parts of the Bay Area hospitality industry is heading, the Hilton hotel chain announced the impending closure...
Hilton San Francisco Union Square, Parc 55 Lose Combined $1B in Value
By The Registry Staff Two of San Francisco’s largest hotels have seen their combined value plummet by over $1 billion since 2016, according...
Blackstone’s 346-Room Club Quarters Hotel in San Francisco Could Be Surrendered to Lender
By Kate Snyder A hotel in San Francisco could soon be surrendered back to the lender. A $274 million commercial mortgage-backed securities loan...
Lenders on $725MM Loan File Lawsuit Against Park Hotels & Resorts to Put San Francisco Hotels into Receivership
By Kate Snyder More San Francisco properties are the subject of legal proceedings. The lenders for a $725 million mortgage on two of...
San Francisco’s Only New Hotel of 2023, The Jay, Hopes to Revive City’s Floundering Hospitality Market
By The Registry Staff San Francisco, a city known for its iconic landmarks and bustling financial district, is about to welcome its only...
Park Hotels Sues San Francisco Over Alleged Miscalculated Excise Taxes on Two Hotels It Already Sold
By The Registry Staff Park Hotels & Resorts, the company that recently announced it would stop debt payments for two prominent hotels in San Francisco,...
Report: Here Are Other San Francisco Properties Facing High Mortgage Payments
By The Registry Staff Following Westfield’s departure from the San Francisco mall and notable mortgage defaults, several of the city’s most valuable properties...
