Parc 55 San Francisco

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Coordinates: 37°47′05″N 122°24′32″W / 37.7846°N 122.4089°W / 37.7846; -122.4089
Source: Wikipedia, the free encyclopedia.
Parc 55 San Francisco - a Hilton Hotel
Daniel, Mann, Johnson and Mendenhall
Other information
Number of units1,024
Parking135
Website
www.hilton.com/en/hotels/sfosfhh-parc-55-san-francisco/
References
[3]

Parc 55 San Francisco - a Hilton Hotel is a 350 ft (107 m) skyscraper hotel located in Tenderloin, San Francisco, California.

History

The Ramada Renaissance Hotel opened in October 1984.

The Blackstone Group took 75 percent ownership of the hotel.[6] In February 2015, Hilton Worldwide bought the property and renamed it Parc 55 San Francisco - a Hilton Hotel.[8] In 2018, the building was valued at $512.2 million.[2] In 2023, Park Hotels & Resorts (an investment trust spun off from Hilton Worldwide in 2017) surrendered Parc 55 and the nearby Hilton San Francisco Union Square to its lender JPMorgan Chase, citing San Francisco's "record high office vacancy; concerns over street conditions; lower return to office than peer cities; and a weaker than expected citywide convention calendar."[9]

References

  1. ^ "This company is taking over two of S.F.'s largest hotels. The goal: sell them within 11 months". The San Francisco Chronicle. Retrieved 2023-12-24.
  2. ^ a b Roland Li. "SF's 10 most valuable buildings". The San Francisco Chronicle. Retrieved 2021-06-15.
  3. ^ "Parc 55 San Francisco - The Skyscraper Center". www.skyscrapercenter.com. Retrieved 2021-06-15.
  4. ^ "Bike mural?? Pt 1 1984". The San Francisco Examiner. 5 October 1984. p. 21.
  5. ^ "Marriott International Announces Its 1,500th Hotel; San Francisco's Parc 55 Hotel Re-flagged as a Renaissance / April 1998".
  6. ^ a b "S.F.'s Parc 55 Wyndham could fetch $550M in one of city's biggest hotel sales of 2014". www.bizjournals.com. Retrieved 2021-06-15.
  7. ^ "Parc 55 Hotel San Francisco Will Join the Wyndham System | News | Breaking Travel News". Retrieved 29 March 2023.
  8. ^ "Hilton Worldwide Expands Portfolio in San Francisco with Acquisition of Parc 55 Wyndham San Francisco – Union Square". Hospitality Net. Retrieved 2021-06-15.
  9. SFist
    . Retrieved 2023-06-06.
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