'While the timing of this may appear less than ideal, we fully expect new ownership to come forth,' said Hotel Council of San Francisco President and CEO Alex Bastian.
Ownership of two major downtown San Francisco hotels is up in the air after a Virginia-based real estate investment firm announced it will stop paying a multimillion dollar loan.
Park Hotels & Resorts Chairman and CEO Thomas J. Baltimore Jr. said in a statement the"very difficult, but necessary" decision was made after considering a variety of factors. The move is intended to save the company money while reducing its San Francisco footprint in favor of investing in"higher growth" Hawaii markets.
Newsom: DeSantis a 'small, pathetic man' for flying migrants to NorCal State officials are investigating a pair of private flights that flew three dozen South American migrants into California's capital city
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