The city of San Francisco used to pride itself on the number of business conventions that were held there each year and it was great for all of the hotels in the city too.
Not so much anymore.
The owner of two of the biggest hotels in the city is bailing out, and he is citing the same reasons that so many other businesses have in recent months.
He is concerned about all the crime and has doubts about the city’s ability to recover. The FOX Business Network reports: Major hotelier abandoning San Francisco properties, says city’s ‘path to recovery remains clouded’ One of the largest publicly traded real estate investment trusts in the U.S. plans to close two of San Francisco’s major downtown hotels, saying the city’s streets are unsafe and expressing doubts about the area’s ability to recover. Park Hotels & Resorts Inc. announced this week that it stopped making […]
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