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San Francisco’s Hotel Market in US Faces Uncertainty as Historic Reopenings, Debt-Ridden Properties, and Casino Growth Redefine California’s Hospitality Scene
By Atlas Hospitality |
Wednesday, March 12, 2025 San Francisco’s hotel market in the US is undergoing a turbulent transformation in 2024, with historic properties reopening, major hotels struggling under financial burdens, and casino resorts expanding across California. While some iconic hotels are making a comeback with extensive renovations, others remain in limbo as ownership uncertainties and foreclosure risks…
Read More Bay Area hotel converts into housing for 700 people
By Atlas Hospitality |
SFGATE contributor Randy Diamond recaps the latest in San Francisco hotel news for the column Get a Room The Ferry Building in San Francisco during sunset. This week in Get a Room, SFGATE’s roundup of news on hotels, we start by examining 2024 hotel openings across California.Joe Daniel Price/Getty Images By Randy Diamond, Freelance Writer |…
Read More Buyer Selected for $725MM Mortgage on Hilton San Francisco Union Square, Parc 55 Hotels
By Atlas Hospitality |
March 10, 2025 By Kate Snyder San Francisco’s hospitality landscape is bracing for a significant shift as two of its largest hotels. The 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco are slated to soon have a new owner with the recent selection of a buyer for more than half a…
Read More $725M Parc 55, Hilton Union Square debt finds buyer
By Atlas Hospitality |
Emily Landes | Thu, March 6, 2025 at 4:30 PM PST 6 min read 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…
Read More LA County hotel development balks at inflation, interest rates
By Atlas Hospitality |
Despite statewide hospitality doldrums, LA has 23 hotels with 2,833 rooms under construction: Atlas Mar 5, 2025, 7:00 PM By TRD Staff While hotel development across the state has stalled, Los Angeles leads in new hotel openings and lodging under construction ahead of the 2026 FIFA World Cup and 2028 Olympics. Los Angeles County had…
Read More Hospitality: Development Stalls
By Atlas Hospitality |
As inflation drives up construction costs, the development of new hotels in Los Angeles County has stalled. By Gina Hall | March 3, 2025 Hotel development in California slowed in 2024 and is likely to stay sluggish in 2025 as investors remain concerned about rising interest rates and the high cost of construction. A new survey…
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