Post New Article

The owner of San Francisco's two largest
hotels - Hilton Union Square and Parc
55 - STOPS making payments on its $725
million loan due in November because the
crime-ridden city's 'path to recovery
remains clouded'

Original Article

Posted By: Imright, 6/6/2023 2:46:14 PM

The owner of two of San Francisco's largest hotels has stopped making mortgage payments on the properties and will let them go into foreclosure as historic crime rates continue to deter tourists. Park Hotels and Resorts announced on Monday that it stopped making payments on its $725 million loan due in November for the Hilton San Francisco Union Square and Parc 55 — the largest and fourth-largest hotels in the city, respectively. 'After much thought and consideration, we believe it is in the best interest for Park's stockholders to materially reduce our current exposure to the San Francisco market,' CEO Thomas Baltimore Jr said in a statement.

Post Reply

Reply 1 - Posted by: MickTurn 6/6/2023 2:57:00 PM (No. 1486073)
Can we all say; Californication Ghost Towns?
12 people like this.

Reply 2 - Posted by: BRDG 6/6/2023 3:09:51 PM (No. 1486087)
Just like the COORDINATED BLM and AntiFa riots property values are plummeting and Blackrock et.al. will profit hugely.
7 people like this.

Reply 3 - Posted by: Axeman 6/6/2023 3:17:05 PM (No. 1486090)
More room for the unhomed and undocs.
10 people like this.

Reply 4 - Posted by: slipstik 6/6/2023 3:21:26 PM (No. 1486095)
"...worse before it gets better...". Excuse me, there ain't no "better" on any horizon. Krazyfornia has turned the corner and won't be coming back. They keep voting that Gruesome guy back in.
11 people like this.

Reply 5 - Posted by: Skinnydip 6/6/2023 3:25:51 PM (No. 1486099)
Look on the bright side. Lots more room for illegal immigrants to be housed at California taxpayers expense.
10 people like this.

Reply 6 - Posted by: itsonlyme 6/6/2023 3:47:14 PM (No. 1486117)
Additional rooms for the ILLEGALS including a "Michelin-rated restaurant". Waiter, more butter, please. Thank You, Californians! PS Yes, adjoining rooms.
6 people like this.

Reply 7 - Posted by: Luandir 6/6/2023 3:47:40 PM (No. 1486119)
In the face of this retail catastrophe, how do you interpret the city's inaction other than as a signal they WANT things this way?
7 people like this.

Reply 8 - Posted by: DVC 6/6/2023 3:48:02 PM (No. 1486120)
Well how did SanFran collapsw economically? "Slowly at first, then suddenly."
10 people like this.

Reply 9 - Posted by: Zeek Wolfe 6/6/2023 3:57:41 PM (No. 1486125)
The Democrat plan to ruin San Francisco and turn it into another Oakland is is right on schedule. People like Gavin Newsom, Nancy Pelosi and the state legislature are giddy with excitement. You think this a joke? Don't! The state senate filled with Democrats is about to pass a bill legalizing shoplifting. This is not hyperbole...shoplifters will not be detained but allowed to walk out of the store, free to go.
8 people like this.

Reply 10 - Posted by: enemyofthestate 6/6/2023 4:48:39 PM (No. 1486151)
In 1998 I was harassed by a bum in Union Square who would not take no for an answer. That's when my boycott of San Francisco began. 1998. In Union Square.
3 people like this.

Reply 11 - Posted by: rocket-j-squirrel 6/6/2023 5:00:33 PM (No. 1486156)
We're entering Blade Runner territory.
6 people like this.

Reply 12 - Posted by: john56 6/6/2023 5:45:24 PM (No. 1486189)
At this pace, "woke" is going to be a greater catastrophy than the 1906 and the 1989 earthquake combined
6 people like this.

Reply 13 - Posted by: JHHolliday 6/6/2023 6:55:30 PM (No. 1486247)
I haven't seen any numbers posted on the loss of tourist revenue in SF (probably spiked by the MSM) but it has to be massive. We were there some thirty years ago and it was trending downward even then. I can't imagine anyone wanting to see it know....The GG Bridge, Alcatraz and whatever other "draws" are not near enough of an attraction to lure tourists back. A few more years and the whole city will become a no-go zone. Sad, but it was entirely predictable.
2 people like this.

Reply 14 - Posted by: bad-hair 6/6/2023 7:11:22 PM (No. 1486261)
This was one of my favorite cities to visit 30 years ago. You couldn't find a bad restaurant in SF. You could walk anywhere and not worry about homeless (bums) trash. London Breed (what kind of name is that ?) Take the money and run. Turn SF over to somebody with a brain.
2 people like this.

Reply 15 - Posted by: thefield 6/6/2023 7:22:51 PM (No. 1486273)
I didn't see what is the lead bank for this. This bank and the rest of institutions that chipped on this investment will take it in the shorts.
0 people like this.

Reply 16 - Posted by: NorthernDog 6/6/2023 7:36:28 PM (No. 1486281)
They can rebrand as Econo-Lodge. Free crack pipe for frequent guests.
1 person likes this.

Reply 17 - Posted by: ChattyCatsSusan 6/6/2023 8:34:10 PM (No. 1486321)
Rather than foreclosure, why don't they make arrangements for some of these buildings to be turned into homeless encampments? That way we could slow down or reverse the human waste littering the sidewalks of that once beautiful city.
0 people like this.

Reply 18 - Posted by: mifla 6/7/2023 4:42:58 AM (No. 1486490)
Hey MSM, how about a story about how Dem policies have ruined California?
0 people like this.

Reply 19 - Posted by: Faithfully 6/8/2023 8:05:21 PM (No. 1487931)
"When the Lights Go down in the City".
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "Imright"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Imright"
Breaking: Donald Trump Announces Indictment
in Documents Probe, Could Be Facing Multiple Charges
0 replies
Posted by Imright 6/8/2023 8:05:43 PM Post Reply
Former president and current nominee for the 2024 presidential election Donald Trump has been indicted by a grand jury in Miami. Trump announced the indictment himself on his Truth Social account.In a three-part post, Trump announced he had been notified of the indictment and will appear in federal court on Tuesday, June 13.(Tweet) “This is indeed a DARK DAY for the United States of America,” Trump wrote in the final post. “We are a Country in serious and rapid Decline, but together we will Make America Great Again!” According to reports, Trump could be facing multiple charges.
Fact Check: Biden Lies About Never Telling
DOJ to Prosecute Anyone
1 reply
Posted by Imright 6/8/2023 7:59:41 PM Post Reply
ClAIM: President Joe Biden has “never once … suggested to the Justice Department what they should do.” VERDICT: FALSE. He said people who defied the January 6 Committee’s subpoenas should be prosecuted. President Biden responded to a shouted question on Thursday from a left-wing journalist who asked him why Americans should trust the Department of Justice — not because it may be prosecuting his political opponent, for the first time in American history, but because that opponent had the temerity to criticize it for doing so. In his reply, Biden claimed that he had never told the department to charge, or not to charge, any individual:
Donald Trump says he has been summoned
to appear before Miami federal court on
TUESDAY as it's claimed ex-president is
on verge of indictment over classified
documents found at Mar-a-Lago
1 reply
Posted by Imright 6/8/2023 7:52:20 PM Post Reply
Donald Trump has been indicted for mishandling of classified documents and summoned to appear before a federal judge in Miami, he announced on Thursday. Trump, who has always insisted he had the right to take any documents he wanted from the White House, declared he was innocent. He has been charged with seven counts, CNN said, and security was already being increased around the courthouse in Miami. 'The corrupt Biden Administration has informed my attorneys that I have been Indicted, seemingly over the Boxes Hoax, even though Joe Biden has 1850 Boxes at the University of Delaware,
Former President Trump says he has been indicted 4 replies
Posted by Imright 6/8/2023 7:45:49 PM Post Reply
Former President Trump says he has been indicted on federal charges that emerged out of Special Counsel Jack Smith’s months-long investigation. "The corrupt Biden Administration has informed my attorneys that I have been Indicted, seemingly over the Boxes Hoax, even though Joe Biden has 1850 Boxes at the University of Delaware, additional Boxes in Chinatown, D.C., with even more Boxes at the University of Pennsylvania, and documents strewn all over his garage floor where he parks his Corvette, and which is "secured" by only a garage door that is paper thin, and open much of the time," Trump said on Truth Social.
Reporter Asks Joe Biden About “Evidence
in an FBI File” Showing He “Sold Out
the Country” – Biden Blurts Out Damning
Response! (Video)
1 reply
Posted by Imright 6/8/2023 7:17:03 PM Post Reply
Joe Biden on Thursday held a joint press conference with UK Prime Minister Rishi Sunak after their bilateral meeting in the Oval Office. A reporter for the New York Post asked Joe Biden about the FBI document revealing he sold out the country. GOP Rep. Marjorie Taylor Greene on Thursday emerged from the SCIF after a briefing and revealed explosive information about the Biden bribery document.The Ukraine-Biden-bribery evidence was first presented to the FBI by a trusted, highly credible, well paid informant back in 2017.
THIRTY San Francisco hotels could stop
paying loan payments as city struggles
with spiking crime, rampant homelessness
and brazen drug use
3 replies
Posted by Imright 6/8/2023 7:14:07 PM Post Reply
News of Park Hotels & Resorts' plan to surrender ownership of two of San Francisco's largest hotels is the beginning of what could potentially become a mass exodus of hotels from the city as 30 additional properties are facing massive loans due over the next two years. The company behind the hotels announced Monday it had stopped making payments on its $725million loan that is due in November for the Hilton San Francisco Union Square and Parc 55 hotels. Though Park Hotels owns the largest and fourth largest hotels in San Francisco, they are by no means the only hotels suffering and going under as loan repayment date close in.
'It's a bunch of malarkey': Biden LAUGHS
off accusations he was part of a $5million
bribery scheme with a foreign national
- and jokes: 'Where's the money?'
15 replies
Posted by Imright 6/8/2023 3:51:04 PM Post Reply
President Joe Biden shrugged off a question about allegations of his family's corruption on Thursday, saying: 'Where's the money?' The moment came at the end of a joint White House press conference with British Prime Minister Rishi Sunak. Reporters shouted questions as the two prepared to leave the stage after spending 40 minutes responding to four pre-selected journalists. President Joe Biden shrugged off a question about allegations of his family's corruption on Thursday, saying: 'Where's the money?' The moment came at the end of a joint White House press conference with British Prime Minister Rishi Sunak. Reporters shouted questions as the two prepared to leave the stage after spending 40 minutes
Exclusive: Hunter Biden laid BARE! Nearly
9,000 photos from his laptop are published
by right wing group Marco Polo - a bizarre
mix of the First Son taking drugs, frolicking
naked with prostitutes and fetching family snaps
4 replies
Posted by Imright 6/8/2023 3:39:01 PM Post Reply
Almost 9,000 photos from Hunter Biden's laptop have been published online by right wing nonprofit Marco Polo. The 8,864 pictures posted on bidenlaptopmedia.com include hundreds of images of the First Son taking drugs and having sex with prostitutes, as well as family photos and everyday snaps. The photos include 7,032 mostly from Hunter's MacBook Pro iPhoto app, 1,832 from a backup of his iPhone XS, 428 'live photos' (short videos taken on an iPhone), 674 images sent in text messages, 579 screenshots, 40 sent via WhatsApp, and 111 others.
Video shows Austin’s ‘crown jewel’
trail trashed by hidden homeless camps:
‘It’s destroyed’
14 replies
Posted by Imright 6/8/2023 12:36:56 PM Post Reply
Jamie Hammonds said city policies have pushed homeless into areas where the public can’t see them An Austin, Texas, resident is raising awareness of the city’s homeless problem and its unseen impact on greenbelt areas. Jamie Hammonds, an investigative filmmaker who runs the organization Documenting Austin’s Streets and Homeless, or DASH, shared videos Wednesday on Twitter, showing a homeless encampment in the Violet Crown Trail after roughly a year of neglect. “It’s destroyed. It will never be the same,” Hammonds tweeted. A real-estate agent concurred, saying the “environmental damage from these camps is immense.”
Supreme Court in shock decision as justices
vote 5-4 to strike down Republican-drawn
Alabama congressional districts because
they discriminated against black voters
9 replies
Posted by Imright 6/8/2023 12:27:17 PM Post Reply
The Supreme Court issued a shock ruling on Thursday as the justices ruled 5-4 that Republican-drawn congressional districts in Alabama discriminated against black voters. Chief Justice John Roberts and Justice Brett Kavanaugh joined with the court's liberals in a surprising move to affirm the 1965 Voting Rights Act. The decision strikes down the Alabama congressional map with one majority black seat out of seven congressional districts in a state where more than one in four residents is black.
Vivek Ramaswamy for Vice President 7 replies
Posted by Imright 6/8/2023 11:42:00 AM Post Reply
Does it really matter that a bunch of second and third-tier candidates have announced for the GOP presidential nomination? Other than DeSantis -- who’s first tier -- are any of them really running for president or are they running to pump a little air into their brands? Well, one second-tier candidate is doing more than pumping air. His name is Vivek Ramaswamy. He’s young -- just 37 -- and has made waves with his Twitter postings. I’ll wager he’s running for future consideration. Ramaswamy isn’t a reformer. He’s a conservative firebrand. He’s articulating positions that are bold, would upend the establishment
Breaking: Journalist Emerald Robinson
Releases Transcript of Tucker’s Final
Unaired Monologue – Where He Discusses
Ray Epps, AOC and Jen Psaki – Twitter
Censors the Report!
3 replies
Posted by Imright 6/8/2023 11:39:27 AM Post Reply
Emerald Robinson, the host of “Absolute Truth with Emerald Robinson” at Frank Speech was able to obtain a copy of Tucker Carlson’s final monologue for his canceled show on FOX News. Emerald posted the transcript from Tucker’s final monologue at Emerald.TV. Tucker starts out by blasting Jen Psaki, a top Democrat and totalitarian who believes freedom of speech is a thing of the past.Members of Congress aren’t allowed to talk like this. The Constitution of the United States prohibits it. American citizens have an inalienable right to critique and criticize their political leaders. Our politicians are not gods.
Most Active Articles (last 48 hours)
Arnold Schwarzenegger Calls Heaven a ‘Fantasy’
— ‘We Won’t See Each Other Again
After We’re Gone’
44 replies
Posted by Hazymac 6/7/2023 5:55:37 PM Post Reply
Arnold Schwarzenegger believes there is no difference between heaven and hell because both are simply fantasies. To his mind, once we die that is the end. There is no afterlife and “anyone that tells you something else is a f—ing liar.” The 75-year-old actor gave his views on personal faith to Danny DeVito, 78, during their shared discourse on the topic “What’s in the future for us” for Interview Magazine. According to PEOPLE, the Terminator star said: It reminds me of Howard Stern’s question to me. ‘Tell me, governor, what happens to us when we die?’ I said, ‘Nothing. You’re 6 feet under. Anyone that tells you something else is a f—ing liar.’
Mike Pence at CNN Town Hall: No Pardons
For J6 Participants, Trump 'Should Never
Be President Again'
40 replies
Posted by Imright 6/8/2023 10:54:31 AM Post Reply
Former Vice President Mick Pence took the stage at a CNN Town Hall Wednesday on his 64th birthday in front of Republican voters in Des Moines, Iowa. Oddly, the event occurred on the same day that CNN chief Chris Licht is out at the network, in no small part because he backed a Trump Town Hall that caused the snowflakes at the “most trusted name in news” to openly rebel.Pence, the former Indiana congressman, governor, and wingman to Trump, talked about Jan. 6, why he wants to be president, abortion, Ukraine, and a variety of topics in the 90-minute talk with host Dana Bash.
Christie: U.S. Must Arm Ukraine Until
They Win the War — Trump Is Putin’s Puppet
36 replies
Posted by Hazymac 6/8/2023 8:45:36 AM Post Reply
Former Gov. Chris Christie (R-NJ) said Wednesday on CNN’s “The Lead” that the U.S. should arm Ukraine until they win the war against Russia. Anchor Jake Tapper said, “Russian Dictator Vladimir Putin has launched this vicious invasion of Ukraine killing lots of civilians. As you know, two of your opponents have given some interesting signals. Donald Trump refused to say in the town hall with Kaitlyn Collins which side he wants to win, Ukraine or Russia. He refuses to call Vladimir Putin a war criminal. Ron DeSantis calls it a territorial dispute. Are they wrong? What’s your position? Christie said, “They are wrong. They are wrong.
Trans-Identifying Man To Compete In Miss
California Pageant
34 replies
Posted by Imright 6/7/2023 12:51:46 AM Post Reply
A man who was crowned “Miss San Francisco” will compete in the 2023 Miss California Pageant in July. Monroe Lace, a man who identifies as a woman, won the Miss San Francisco pageant in March, qualifying the “beauty queen” to compete for the Miss California title next month. Lace is the first trans-identifying man to be crowned Miss San Francisco in the competition’s 99-year history.“Every time I put on the sash, the weight of it reminds me of the weight of my job; of the responsibility I have
Priorities: Joe Biden to Host Largest
White House Pride Celebration ‘in History’
33 replies
Posted by Imright 6/8/2023 9:07:22 AM Post Reply
President Joe Biden is to host the White House’s largest Pride celebration “in history”, reports have said. Thousands of people are set to attend an LGBTQ+ Pride event in the White House on Thursday, with the celebration hosted by Joe Biden set to be the largest of its kind “in history” for the White House. Biden is also reportedly set to announce a slew of new measures aimed at pushing transgenderism and other elements of progressive ideology. According to a report by Reuters, Thursday’s event is reportedly being billed as a celebration of ” LGBTQ+ families”, and will reportedly see performances from singer Betty Who and DJ Queen HD.
Christie targets Ivanka Trump and Jared
Kushner: ‘The grift from this family
is breathtaking’
30 replies
Posted by Dreadnought 6/7/2023 8:50:53 PM Post Reply
Republican presidential candidate Chris Christie took aim at former President Trump’s daughter, Ivanka Trump, and her husband, Jared Kushner, during the former New Jersey governor’s campaign launch Tuesday, saying the “grift from this family is breathtaking.” “The grift from this family is breathtaking,” Christie said at a New Hampshire town hall. “It’s breathtaking. Jared Kushner and Ivanka Kushner walk out of the White House, and months later get $2 billion from the Saudis.” Christie was pointing to the $2 billion investment made by the Saudi-backed Public Investment Fund, which is controlled by Crown Prince Mohammed bin Salman, into Kushner’s investment firm A Fin Management, LLC (Affinity) in 2021.
Pence opens presidential bid with denunciation
of Trump over Jan. 6 insurrection and abortion
27 replies
Posted by Imright 6/7/2023 3:32:27 PM Post Reply
ANKENY, Iowa— Former Vice President Mike Pence opened his bid for the Republican nomination for president Wednesday with a firm denunciation of former President Donald Trump, accusing his two-time running mate of abandoning conservative principles and being guilty of dereliction of duty on Jan. 6, 2021. Pence, launching his campaign in a suburb of Des Moines, became the first vice president in modern history to challenge the president under whom he served. He said Trump had disqualified himself when he insisted that Pence had the power to keep him in office — even though he did not. Trump, he said, “endangered my family and everyone at the Capitol”
Armenian Men Beat the Crap Out of Antifa
and Far-Left Protestors Outside Glendale,
CA School Board Meeting About Pride Events (VIDEO)
27 replies
Posted by DW626 6/7/2023 6:27:41 AM Post Reply
Armenian men beat the crap out of Antifa thugs and far-left protestors outside of a school board meeting in Glendale, California Tuesday evening. Glendale has a large Armenian-Christian population and they are fed up with the LGBTQ/pride events taking place in elementary schools. According to CBS News, 50 police officers were deployed to break up the massive brawl that erupted around 6 pm local time. These Armenian dads have had enough!
Lululemon CEO Defends Firing Employees
Who Confronted Robbers: ‘Step Back,
Let the Theft Occur’
26 replies
Posted by mc squared 6/7/2023 12:23:43 PM Post Reply
Lululemon CEO Calvin McDonald defended the firing of two employees who confronted three masked thieves robbing a Georgia store and called the police, with McDonald saying that company policy is for staff to “let the theft occur” and not try to intervene. “We have a zero-tolerance policy that we train our educators on around engaging during a theft,” McDonald told CNBC’s “Squawk on the Street” on Friday, with “educators” being the company’s way of referring to their employees. “We put the safety of our team, of our guests, front and center. It’s only merchandise,” he added. “They’re trained to step back, let the theft occur, know that there’s technology and there’s cameras
'A train wreck coming': Americans brace
for the return of student loan payments
25 replies
Posted by earlybird 6/8/2023 5:34:56 PM Post Reply
Jamilla Vanbuckley would like to buy a home one day. A correctional counselor in New York City, Vanbuckley has been living with her parents and tucking as much money as possible into her savings account. But by late summer, she expects a new expense to enter her monthly budget – gradually paying off the $68,000 she owes in student debt. "I'm gonna have to dip into my savings to start paying back on August 29," she said, mentioning the day that payments for direct federal student loans are set to resume. "And now that kind of hinders the goals I had set for myself for the next couple of years."
‘Liberal woman’ goes viral on TikTok
for saying it’s hard to find ‘masculine’
man who's not conservative
25 replies
Posted by NorthernDog 6/8/2023 4:28:13 PM Post Reply
A self-proclaimed "liberal woman" went viral on TikTok in recent days for posting a video complaining about not being able to find a masculine man who is "not conservative." TikTok user @ms_petch posted the video last week which has since received hundreds of thousands of views. In the clip she shared her dating struggles with her followers, namely the hard time she's had finding a masculine man who matches her progressive views. She opened the video, talking about "one of the saddest realizations" she has ever had, which she claimed was, "as a liberal woman, it is really hard to
Is Trump The Best Candidate For 2024? 24 replies
Posted by sagman 6/7/2023 9:37:19 PM Post Reply
When Trump burst on the political scene, his smashmouth style was, shall we say, off-putting. Dan Bongino, also from Queens, told us this was just the normal style of speech in that area. And many of us voted for the Donald, knowing that the alternative was simply intolerable. We weren’t sure what he would do, but his opponent was guaranteed to do bad things. For four years, in the face of relentless false attacks, Donald Trump got things done. Lots of things. But he didn’t drain the swamp.
Post New Article