Park Hotels & Resorts Ceases Payments on Two San Francisco Hotels

By bhhsbowen June 5, 2023 CoStar News 0 comments

Park Hotels & Resorts has ceased making payments toward the $725 million non-recourse CMBS loan for the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco. The loan is set to mature in November. Shown here is the Parc 55 San Francisco. (CoStar)
Maturing Loan, Valued at $725 Million, Covers the Hilton San Francisco Union Square and Parc 55 San Francisco