Two of San Francisco’s largest hotels are on the verge of being sold, despite missing multiple sale deadlines, according to court filings.
The 1,921-room Hilton Union Square, the city’s largest hotel, and the 1,024-room Parc 55 are expected to be sold to an unidentified buyer and a “purchase and sale agreement has been signed,” according to a San Francisco Superior Court filing on July 28.
The two hotels are some of the biggest buildings in the city, and investment interest could be a sign that downtown is rebounding from its pandemic-inflicted struggles around diminished tourism and weaker foot traffic, though it still lags other U.S. cities…