A pair of San Francisco hotels whose travails exemplified a fallen commercial real estate market are changing hands, marking a milestone in the city\u2019s comeback story as it attracts some of the world\u2019s largest investors.<\/p>\n
Newbond Holdings<\/a> and Conversant Capital<\/a> are partnering to acquire the Hilton San Francisco Union Square<\/a> and Parc 55 San Francisco<\/a> for $408 million, according to a statement Friday. The price represents a roughly 75% discount to the hotels\u2019 appraised value in a 2016 financing. <\/p>\n","protected":false},"excerpt":{"rendered":"A pair of San Francisco hotels whose travails exemplified a fallen commercial real estate market are changing hands,…\n","protected":false},"author":2,"featured_media":64397,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[38704,387,10555,10557,10556,38702,38705,3956,38703,38701,388,101,103,102,38706,104,106,105],"class_list":["post-64396","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-blackstone-inc","tag-business","tag-cities","tag-citylab","tag-daniel-l-lurie","tag-hilton-worldwide-holdings-in","tag-justin-sullivan","tag-markets","tag-parc-55","tag-park-hotels-resorts-inc","tag-real-estate","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-san-francisco-travel-associa","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/64396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=64396"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/64396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/64397"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=64396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=64396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=64396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}