Park Hotels & Resorts — which owns the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco — announced Tuesday that the company will default on its $725 million nonrecourse, commercial mortgage-backed security loan, which is scheduled to mature in November.
Steven Shipp is a seasoned expert in commercial real estate and debt restructuring with over 30 years of experience. As the founder of Performance Advisory Group, he has led transactions exceeding $11 billion, specializing in distressed property solutions and loan workouts to help clients overcome financial challenges. Explore the articles to gain deeper insights into his proven strategies and expertise.
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