San FranciscoOct 2, 2025Court approves sale of SF hotels after $725M loan default Hilton Union Square, Parc 55 receiver had searched for buyer since 2023
San FranciscoAug 12, 2025SF hotels poised to sell after $725M default, missed purchase deadlinesUnidentified buyer snaps up 1,921-room Hilton Union Square, 1,024-room Parc 55
San FranciscoSep 3, 2025Investment firms grab long-distressed SF hotels after $725M loan default, delayed sale deadlinesParc 55, Hilton Union Square fell into default and receivership in 2023