Bank won’t care about blame-game...there’s virtually no one with ample cash to buy what they are stuck with. Even if it were a candidate for converting to studio apartments...the downsizing of the job-market in SF is blocking future re-use.
I’ll predict the city buys it...converts to a homeless shelter, and within ten years has it condemned as a toxic waste dump.
My guess is that the hotel’s financial trouble started when the local government allowed the city’s homeless to poop in the streets.
Was that Hilton designed by a North Korean?
One mortgage payment is $97 million?! How much did it cost to build?!
Onsite self-parking: $68.40/day
https://www.hilton.com/en/hotels/sfofdhf-hilton-san-francisco-financial-district/
As long as they don’t overstate the value of their properties to obtain financial relief, Fani will leave them alone.
San Fransicko is dying. There’s no reason whatsoever to pay the outrageous prices demanded to live in that crime ridden shithole.
No, it’s the “negative national narrative” against SF that is at fault, nothing to do with the crime, addicts and 💩 all over the place.
Once enough real estate has been sold to the right people, suddenly council will become all big on law and order.
Count on this.
I would not set foot in the City now if you paid me to do so, This kills me because I loved spending time there in the late ‘80’s.
Give a conservative a pile of bricks and he creates a city. Give a liberal a city and he creates a pile of bricks.
It’s a CRAPHOLE city!!
Reap what you sow, commieforina.
Cough it up Paris, your Poodles won’t go hungry.
The hotel had also dropped its room prices, from an average of $218-a-night compared to $230, as the number of people occupying the hotel rooms also fell.
Am I missing something here?
Regards,
Democrats destroy everything they touch. Add San Francisco and California to the list.
Guess no one wants to go to the Gap there any more.
Boycott backfire?
They should implement more woke and DEI to solve their problems, be come a sanctuary hotel for illegals and homeless, offer free drug paraphernalia with drug inclusion centers and they’d be rolling in human feces but the place would be full.
I wonder if the hotel owners over valued their he hotel, now that it is going bankrupt and rhr market in the dumpster.