The owner of two of San Francisco’s biggest hotels will stop making payments on a massive loan it has on the properties, and because of conditions of the city, it plans to make an exit.
City leaders have tried to blunt the growing reports of retailers leaving town, saying in many cases it's partially due to an overall trend toward shopping online.
But the perception of crime, open air drug use, and homelessness, is something they're continuing to combat.“I didn't know that you have, well I knew about it but, the homelessness is such a big problem here,” said Nives Stalver, visiting from Switzerland. Belisario said there are signs of a possible recovery at some point, if city leaders can effectively change perceptions about the safety of the city.
Belisario also said both hotels will likely continue operating but will have to do so with different owners.
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