At the request of a court-appointed receiver and a trustee for a lender, a Superior Court judge has extended the deadline for the sale of two of the largest hotels in San Francisco.
Superior Court Judge Charles Haines agreed to move the deadline for the sale of the 1,919-room Hilton San Francisco Union Square and the 1,024-room Hilton Parc 55 from Sept. 1, 2024, to March 31, 2025.
Haines also agreed to extend a December 2 deadline for the lender to foreclose on the adjacent hotels if a sale isn't consummated, moving that date to July 15, 2025, the San Francisco Business Times reported.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
