The Hilton Union Square and Parc55 Sold for $408 Million, Though Were Previously Worth $1.5 Billion

The Hilton Union Square and Parc55 Sold for $408 Million, Though Were Previously Worth $1.5 Billion

We’re just now learning the sale price of a hotel deal that happened three months ago, and SF’s largest hotel, the Hilton Union Square, plus the also-very-large Parc55, sold for $408 million, though they’d been worth $1.5 billion in 2016.The SF Union Square hospitality industry was already in the dumps in mid-2023 when the city's largest hotel, the Hilton Union Square (333 O’Farrell Street), and the city’s fourth-largest Parc 55 hotel (55 Cyril …

Newbond Holdings and Conversant Capital Close Acquisition of Two Major San Francisco Hotels

A partnership between Newbond Holdings and Conversant Capital, which was formed to invest in large-format hospitality assets, today closed on the acquisition of two of San Francisco’s largest and most recognizable hotels: the Hilton San Francisco Union Square and Parc 55 San Francisco – A Hilton Hotel. The combined purchase price for the two hotels, comprising approximately 3,000 rooms and representing roughly 10% of the city’s total room invent…

The W New York, Union Square gets a grown-up revamp by Rockwell Group

The hotel, which first opened in 2000, became a Manhattan hotspot. Twenty-five years later, Rockwell Group's returned to give it a more mature new look

Suitsupply Buys Two Floors in 13,000 SQFT Union Square Building in San Francisco for $19.6MM

By The Registry Staff Union Square’s potential revival gained another boost as a retail space in a troubled San Francisco building traded hands. Suitsupply paid $19.6 million at a foreclosure auction for the first two floors of the Grace Building at 166 Geary St., according to a report from the San Francisco Business Times. Suitsupply […] The post Suitsupply Buys Two Floors in 13,000 SQFT Union Square Building in San Francisco for $19.6MM appear…

San Francisco's Hilton Union Square, Parc 55 Sell For $408M

A pair of San Francisco hotels seen as symbols of the city’s commercial real estate slump have changed hands.