San Francisco's hotel market is experiencing slow but positive growth in occupancy and room rates, according to CoStar data. Despite these improvements, the city remains at the bottom in recovery among major markets post-COVID. Factors contributing to this trend include significant mortgage defaults and voluntary hotel closures. The first quarter saw an uptick, partly due to events like the NBA All-Star Weekend. A potential sale of downtown hotels could aid recovery, but risks of foreclosure loom, casting uncertainty over future stability.
San Francisco hotels are seeing incremental improvements, trending toward the right direction despite significant challenges from a stagnant recovery post-COVID-19.
The looming sale of two major downtown hotels may bolster the city's hotel market recovery, but concerns remain about potential foreclosures before any deal is finalized.
Collection
[
|
...
]