CEO of the two biggest hotels in San Francisco explains why they are abandoning their properties

This is an absolute disaster for San Francisco, and a definite sign of things to come.

Most of the large retailers have already pulled out of Nancy Pelosi's pig sty of a city. Office space is largely vacant. Now hotels are leaving as well. Not just leaving, so disgusted with the city they are literally abandoning over $750 million worth of property, turning it over to the squatters, tweakers, junkies, and other criminals who will descend on the corpses of the hotels and pick them clean.

By the way, this was very preventable, but the DemoKKKrats who run that shithole LOVE this, and everyone who votes for them does, too.

Here's the CEO getting real about why San Francisco is the left's flagship city:

“Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges – both old and new: record high office vacancy; concerns over street conditions; lower return to office than peer cities; and a weaker than expected citywide convention calendar through 2027 that will negatively impact business and leisure demand and will likely significantly reduce compression in the city for the foreseeable future.”

Make Southern California its own nation and make Newsom its President...then build the biggest, highest damn wall around it defended by the military to prevent all drug, human, child, sex, liberal trafficking and illegal immigration.

DropMic.jpg
 
I don't and never will go to a blue city 3rd world hell hole for any reason...
Death Before Dishonor

It is our duty to take back the cities White people built, not to surrender them to fairies, ferals, and foreigners. We let this happen to these once-great cities, as the songs by Tony Bennett and Frank Sinatra memorialized their former lifestyles.
 
Why do you knee-jerking jerks always say the same shit the stupid fucking rhetorical propaganda mill of the echo chamber says?
 
This is an absolute disaster for San Francisco, and a definite sign of things to come.

Most of the large retailers have already pulled out of Nancy Pelosi's pig sty of a city. Office space is largely vacant. Now hotels are leaving as well. Not just leaving, so disgusted with the city they are literally abandoning over $750 million worth of property, turning it over to the squatters, tweakers, junkies, and other criminals who will descend on the corpses of the hotels and pick them clean.

By the way, this was very preventable, but the DemoKKKrats who run that shithole LOVE this, and everyone who votes for them does, too.

Here's the CEO getting real about why San Francisco is the left's flagship city:

“Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges – both old and new: record high office vacancy; concerns over street conditions; lower return to office than peer cities; and a weaker than expected citywide convention calendar through 2027 that will negatively impact business and leisure demand and will likely significantly reduce compression in the city for the foreseeable future.”
We didn't really need the CEO to tell us. It's been pretty obvious all along. My biggest question is, will the leftists actually listen to him?
 

Yes, you people have digressed.​

San Francisco is Sinking - FoundSF

San Francisco is Sinking - FoundSF

San Francisco is Sinking

View attachment 793153
FoundSF
https://www.foundsf.org › title=San_Francisco_is_Sin...



On Howard Street, a hundred or so feet south, two warehouses have been slowly sinking into the underlying marsh. Several efforts to cosmetically disguise what's ...
The Hoteliers over paid/leveraged on the properties. Lost their bollix in COVID and can't recover...

They will sell them off at a write down... This is just how the property business works...

This is the real shit:
sf_avg-asking-rents_by-year-b.jpg
slide7-3-tiers-short-term-6-25-19.jpg
 

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