Watch who buys it.
I’m betting it will be a Chinese subsidiary.
Don’t worry!
London Breed the welfare grrl from the projects will fill the buildings with people like her!
It’ll be paradise! No problems!
Has REIT Park Hotels & Resorts gone Galt?
Here. It's yours. Good luck, and bye.
Cool. all businesses and productive people should pull out.
Frisco would make a great ghost town, populated by zombies.
290 reparations benefactors can cover the debt and each will still have $2,500,000 left to live on for a while.
No worries, the gummit will pack the place with illegals who in turn will spend all their free money from taxpayers, the building will do just fine.
Sounds like more than a “bit of bad news”. Who will be next?
Oh poo....
“Free” housing for the illegals. Californians getting what they voted for.
Problem is that, the feds might pick up the tab, so, we’re all paying for it.
This is a huge deal.
Every business downtown is at risk and the losses are accelerating. Each one that goes makes it worse for the survivors.
I predict Macy’s goes soon. And the Westlake mall, including Bloomingdales. And Target, and the Metreon. At that point whatever is left on Union Square may as well go, including Nieman Marcus and Saks. And the remaining hotels, including the historic St. Francis.
A total wipeout.
Atlas Shrugs
Global elites are encouraging the destruction of American cities so they can be greatly devalued and the global elites will swoop in and buy entire cities then magically clean them up to make money.
Smart people don’t invest in democrat hellholes.
2900 rooms. Perfect place for all the illegals to stay while they await their asylum hearings....ha ha ha ha ha
The descent into Mad Max world continues unabated. Thanks lieberals and demonrats.
Now, just Hu will pick it up, for mere pennies, on the dollar?
I have stayed in that hotel a few times. A decade ago it was very tired. I am not sure if it was overhauled in the past ten years. If not, I don’t know how they would pay down $790 million. I think it must be very hard to find the help. It must be very hard to fill the rooms too. And everything is probably really expensive to run. Last time I went to SF I stayed at the Fairmont. And I had dinner at the Top of the MarK across the street. There were places you just did not walk downtown. Market street was a complete hole.
The devolution of San Francisco continues....
Kinda of a crappy thing to do….oh, wait, fitting for the area. Genius move, really.