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REIT Forfeits on $725M Loan for Two San Francisco Hotels

REIT Forfeits on $725M Loan for Two San Francisco Hotels

by Phil Hall | Jun 6, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....

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