Hilton hotel in San Francisco defaults on its mortgage as 544-room facility where a nights stay cost $166 misses $97million loan payments in growing 'doom loop' for liberal city

Daily Mail ^ | 1/14/24 | Claudia Aoraha

[fuzzylogic]

To leftists it’s always about the narrative, not reality. They believe they can conjure up reality by remaking the narrative. In other words, they’re totally dishonest.

SanFran is already in a death spiral, the only question is how bad will it get? When everything costs so much, how long can that last when the big tax base disappears?

[AAABEST]

The local government works with ‘developers’ to drive away private ownership. Then the abandoned properties are bought on the cheap..

Blackrock is worthy of all contempt but for reasons too numerous to list, nobody is or will be buying all the hulking commercial retail, office, malls and other commercial buldings in San Fran and elsewhere.

Sorry to disappoint anyone.

[sergeantdave]

Offer rooms for $100 p/day to retirees under a five year lease. Throw in a free breakfast. Cheaper than a mortgage, plus you get room service and concierge services. Could easily fill half the hotel for guaranteed income, while offering the other half at market room rates.

[Fireone]

Thanks, I got my crooked AG’s mixed up, easy to do, there’s so many!

[DownInFlames]

Read the title, payments. Totals 97 million.

[butlerweave]

Escape from San Francisco , Snake’s third move

[gitmo]

Give a conservative a pile of bricks and he creates a city. Give a liberal a city and he creates a pile of bricks.

That’s an excellent sentence. Did you come up with it?

[gitmo]

You are missing $52.

[Moltke]

with fewer people wanting to visit San Fran

Word gets around. It takes a while, but then the effect just snowballs and the bottom drops out.

[KevinB]

That’s an excellent sentence. Did you come up with it?

No, I saw it somewhere and freely use it without attribution. (I am trying to establish my credentials to be president of the United States or Harvard University. :-))

[T.B. Yoits]

There's simply nothing to stop San Francisco from continuing its decline like other American cities. The dotcom money is gone. The only industries left are the Grievance Industry and the Rape-The-Taxpayer Industry.

Albuquerque
Atlanta
Baltimore
Bridgeport
Chicago
Cincinnati
Dayton
Detroit
Erie
Gary
Houston
Indianapolis
Jackson
Jacksonville
Memphis
Milwaukee
Minneapolis
Modesto
Montgomery
Nashville
New Orleans
Newark
Philadelphia
Pittsburgh
Portland
Seattle
St. Louis
Syracuse
Trenton
Washington DC
etc.

[Vaduz]

San Francisco another Mafia city being over taken by the cartels democrat money count getting smaller.

[lurk]

It’ll make great homeless housing.

[coalminersson]

shithole city

[cymbeline]

“Give a conservative a pile of bricks and he creates a city. Give a liberal a city and he creates a pile of bricks.”

A columnist said of the Vaillancourt Fountain in San Francisco right after it was unveiled, “When the next earthquake comes, it will turn into a building.”

To fully appreciate that prediction, go see what it looks like.

[Ronaldus Magnus III]

“”with fewer people wanting to visit San Fran compared to before the pandemic””

When the Plandemic started, the hotels became ghost towns. The democRATS in their infinite wisdom decided to house the homeless in many hotels. Of course, they paid the hotels. The democRATS delivered food, alcohol, and, yes, drugs to the hotel ‘patrons.’ The Homeless Industrial Complex was in full swing. Just imagine how the homeless left those hotel rooms when they eventually went back to the street. Would you want to stay in the room, for even one night?

I can imagine a new qualification regimen on Hotels.com and other sites. Along with the hotel amenities, there will be asterisks and stars for the rooms that guarantee no homeless were housed there.

[KevinB]

A columnist said of the Vaillancourt Fountain in San Francisco right after it was unveiled, “When the next earthquake comes, it will turn into a building.” To fully appreciate that prediction, go see what it looks like.

LOL! It is indeed horrific. Wiki says it cost $607,800. That was 1970 money. SMH!

[Mr. Blond]

This isn’t commercial property.

[AAABEST]

Not to quibble, but hotels certainly are considered commercial real estate.

[Mr. Blond]

You seem to know what I was getting at.