Two of SF’s Largest Hotels Drop $1B in Value in Eight Years
The value of San Francisco’s two largest hotels has plunged by $1 billion, with the city’s hospitality industry trailing the nation. The 1,024-room Parc 55 and the 1,921-room Hilton San Francisco Union Square are worth a combined $553.8 million, 65 percent less than their appraised value in 2016 of $1.56 billion, the San Francisco Business …