How much more 'progress' from progressive policy can San Francisco take? WashTimesOpEd
regularly since the 1980s announced it was moving its convention from the city because its members didn’t feel safe on its streets. Others followed, including Oracle, which moved its CloudWorld convention to Las Vegas.
Fears that things might not ever be the same again are justified — especially after a real estate investment trust that holds two downtown hotels seems to have given up on “The City.” ‘s largest hotel, and the 1,024-room Parc 55. Prospects are so dismal that the company has stopped making payments on its $725 million loan and plans to eventually remove the properties from its portfolio.‘s path to recovery remains clouded and elongated by major challenges,” Park Chairman and CEO Thomas J. Baltimore said.
It’s reasonable to wonder if others will follow. The Wall Street Journal reports that while hotels in Los Angeles have recovered, occupancy and room rates inhotels remain below pre-pandemic levels, with revenue per available room “nearly 23% lower in April compared with the same month in 2019.”
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