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Owner of SF's Largest Hotel, the Hilton Union Square, Is Walking Away, Surrendering It to Lender
S Fist ^ | 5 June 2023 | Jay Barmann

Posted on 06/05/2023 7:52:40 PM PDT by Rummyfan

click here to read article


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To: martin_fierro
Methinks it's time to start my 4th reading of Atlas Shrugged.

Or hell, just skip right to "This is John Galt speaking" instead of reading the whole thing...

61 posted on 06/06/2023 3:19:46 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Rummyfan

Related...

https://www.defenseworld.net/2023/06/05/victory-capital-management-inc-sells-2454-shares-of-park-hotels-resorts-inc-nysepk.html

Interesting list at that link.


62 posted on 06/06/2023 3:21:30 AM PDT by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: Captain Peter Blood

Barracks for all those unmated adult males it intends to import.


63 posted on 06/06/2023 4:27:29 AM PDT by Roccus (Veritas, non verba magistri)
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To: Hambone 1934
Chinese owned San Francisco...POOF..Homeless gone.....

Maybe the Chinese should bring their police force over as well.

BLM is really not going to enjoy Chinese policing.

64 posted on 06/06/2023 4:37:40 AM PDT by Drew68 (Ron DeSantis for President. A conservative who fights and wins.)
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To: Rummyfan

“…concerns over street conditions…”

So, after losing that kind of money, still can’t say exactly why. Riiight…


65 posted on 06/06/2023 4:46:37 AM PDT by The Antiyuppie (When small men cast long shadows, then it is very late in the day.)
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To: NautiNurse

Thank you. It’s really too bad the beautiful cities of the United States are in such decline.

I visited London and Barcelona last Fall. And visited Rome in 2019. Why can’t our cities be as beautiful, world-class, and as stunningly classy as Europe’s?

I don’t see why we can’t do better.


66 posted on 06/06/2023 8:39:56 AM PDT by olivia3boys (t )
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To: olivia3boys

“I don’t see why we can’t do better.”

One visit to Lagos and you will understand.


67 posted on 06/06/2023 8:42:04 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: usconservative

“Get out of REIT’s NOW.”

My elderly parents had a “wealth management” company put a lot of their money in REITS.

When they died I dumped that garbage in a heartbeat.

No elderly person should be near that stuff—and the professional financial advisors that put them in it should all go to jail.


68 posted on 06/06/2023 8:44:48 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: olivia3boys

Have visited each of the cities you mention multiple times. Much of Europe is struggling with immigration. Paris is in a pickle, most recently with the decision to raise pension age, in addition to worker demands for higher wages. The locals have not taken the news without widespread strikes and protests. We live in interesting times.


69 posted on 06/06/2023 9:02:10 AM PDT by NautiNurse (Don't be obtuse)
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To: cgbg; usconservative

I wonder when the DOJ is going to start their investigation into the hotel asset overvaluation by the REIT Parks Hotels & Resorts, just as they did to President Trump?

Let’s face it, getting over triple the asset value - as did Wells Fargo in the building just sold in S.F. - less than two years ago is pretty well impossible.

Looks like all of these REITs are going to be falling out of favor.


70 posted on 06/06/2023 10:12:41 PM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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