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https://www.wsj.com/articles/hotel-owners-start-to-write-off-san-francisco-as-business-nosedives-e84c64ef

Hotel Owners Start to Write Off San Francisco as Business Nosedives

City’s lodging business has been squeezed by crime and other quality-of-life issues

Park Hotels & Resorts last week said it has stopped making loan payments on debt secured by the Hilton San Francisco Union Square and Parc 55 San Francisco. Justin Sullivan/Getty Images
By Kate King

San Francisco’s once thriving hotel market is suffering its worst stretch in at least 15 years, pummeled by the same forces that have emptied out the city’s office towers and closed many retail stores.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.