An unknown buyer has snapped up the $725 million in debt on two of San Francisco’s largest hotels, according to servicer commentary.
Virginia-based Park Hotels walked away from the 1,921-room Hilton San Francisco Union Square and 1,024-room Parc 55 San Francisco in 2023 and Eastdil began marketing the debt for sale last July.
“Offers have been reviewed and a buyer has been selected,” according to servicer comments to commercial mortgage-backed security bondholders. “A non-binding…
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