{"id":1949307,"date":"2023-06-16T14:56:02","date_gmt":"2023-06-16T18:56:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hotels-are-dumping-property-in-san-francisco-as-tourists-shun-crime-ridden-city\/"},"modified":"2023-06-16T14:57:41","modified_gmt":"2023-06-16T18:57:41","slug":"hotels-are-dumping-property-in-san-francisco-as-tourists-shun-crime-ridden-city","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hotels-are-dumping-property-in-san-francisco-as-tourists-shun-crime-ridden-city\/","title":{"rendered":"Hotels in San Francisco are selling properties due to decreased tourism caused by the city&#8217;s crime problem."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhotels-are-dumping-property-in-san-francisco-as-tourists-shun-crime-ridden-city%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1949307&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><section id=\"article\">\n<article data-post-title=\"Hotels Are Dumping Property in San Francisco as Tourists Shun Crime-Ridden City\" data-post-slug=\"http:\/\/georgetown-faculty-object-to-renaming-foreign-affairs-school-madeleine-albright\" data-post-url id=\"print-1753590\">\n<div>\n<figure><figcaption>\n<h2>Hotels Are Dumping Property in San Francisco as Tourists Shun Crime-Ridden City<\/h2>\n<p>          <img decoding=\"async\" src=\"https:\/\/www.example.com\/billboard-image.jpg\" alt=\"A billboard in San Francisco\"><br \/>\n        <\/figcaption><\/figure>\n<\/p><\/div>\n<div>\n<p>A growing number of hotels in San Francisco are preparing to leave the struggling city, following numerous retailers and businesses that packed their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hotels-are-dumping-property-in-san-francisco-as-tourists-shun-crime-ridden-city\/\" title=\"Hotels in San Francisco are selling properties due to decreased tourism caused by the city's crime problem.\">bags amid high crime<\/a> and widespread homelessness.<\/p>\n<div>\n<p><a href=\"https:\/\/winred.tomcotton.com\/tom-cotton\/defend-scotus-ads-beacon?utm_source=rc&#038;utm_medium=beaconads&#038;utm_campaign=2023maybeaconscotus\" target=\"_blank\" rel=\"noopener\"><strong>Read more<\/strong><\/a><\/p>\n<\/p><\/div>\n<p>Hotels in the California city are lagging behind those in comparable cities. Revenue per available room was 23 percent lower in April than during the same time in 2019, while hotels in New York City and Los Angeles are exceeding their 2019 metric, the <em>Wall Street Journal<\/em> reported.<\/p>\n<p>The city&#8217;s Huntington Hotel and the Yotel San Francisco hotel were both sold after facing foreclosure in recent months. The Club Quarters San Francisco may also be heading to foreclosure. The number of embattled hotels may soon rise as more than 20 locations will face loans due in the next two years, the <em>Journal<\/em> reported.<\/p>\n<p>Perhaps the biggest hit to the local market came last week when the owner of both the city&#8217;s largest hotel, the Hilton San Francisco Union Square, and its fourth-largest, Parc 55, said it ceased payments on $725 million worth of loans and entered foreclosure because the city is facing &#8220;major challenges.&#8221;<\/p>\n<p>The decision was &#8220;very difficult, but necessary&#8221; because of &#8220;concerns over street conditions,&#8221; office vacancies, and reduced conventions, said Thomas J. Baltimore Jr., CEO of Park Hotels &#038; Resorts, which owns the two hotels.<\/p>\n<p>Homicides in San Francisco have increased nearly 40 percent from 2020 to 2022 and deaths from fentanyl have spiked.<\/p>\n<p>The hotels follow a long line of businesses that have chosen to flee. Old Navy announced in May it will close its flagship store. Whole Foods and Nordstrom have shuttered businesses in the city over safety concerns. The latter&#8217;s exit is costing the city 380 jobs. The downtown area of the city has lost half of its businesses since the start of the pandemic.<\/p>\n<p>Democratic mayor London Breed and several <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-live-nypd-nyc-officials-providing-brooklyn-shooting-update\/\" title=\"Watch Live: NYPD, NYC Officials Providing Brooklyn Shooting Update\">city officials held<\/a> an outdoor meeting on crime in May in the city&#8217;s United Nations Plaza, known for drug use and crime. A crowd of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/san-francisco-mayor-flees-speech-on-crime-as-violent-crime-is-committed\/\" title=\"SF Mayor runs from crime speech as violent crime occurs.\">spectators screamed insults<\/a> and booed the officials, and one of them threw a brick that almost hit a child, local outlet KRON4 reported. The city officials adjourned the meeting amid the disruption and continued it from inside the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ukraine-faces-mounting-difficulties-as-40-mile-russian-convoy-bears-down-on-kyiv\/\" title=\"Ukraine Faces Mounting Difficulties as 40-Mile Russian Convoy Bears Down on Kyiv\">city hall building<\/a>.<\/p>\n<div>\n<p><a href=\"https:\/\/winred.tomcotton.com\/tom-cotton\/defend-scotus-ads-beacon?utm_source=rc&#038;utm_medium=beaconads&#038;utm_campaign=2023maybeaconscotus\" target=\"_blank\" rel=\"noopener\"><strong>Read more<\/strong><\/a><\/p>\n<\/p><\/div>\n<div>\n<p>A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/discarded-masks-are-trashing-the-worlds-oceans-and-beaches\/\" title=\"Discarded Masks Are Trashing The World\u2019s Oceans And Beaches\">recent study found<\/a> very few people in the Bay Area feel safe on public transportation. The Bay Area Council found in a poll that 78 percent of residents said they would ride more often if trains and buses were safer and cleaner. Just 17 percent of those asked said they feel safe on public transit.<\/p>\n<p>Democrat governor Gavin Newsom downplayed San Francisco&#8217;s struggles in an interview this week, saying the city is going through a &#8220;rebirth&#8221; and &#8220;reimagination.&#8221; &#8220;They&#8217;re struggling to recover from the pandemic,&#8221; Newsom said when asked about crime causing businesses to flee. &#8220;They&#8217;re struggling with the macroeconomic shifts.&#8221;<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>A rising number of San Francisco hotels plan to depart the struggling city, joining retailers and businesses fleeing due to rampant homelessness and crime. Compared to similar cities, the California hotels are falling behind, with lower revenue per available room.<\/p>\n","protected":false},"author":1613,"featured_media":1949308,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[11357,8170,7204,26246,4641,10117,8829,10741,7285,7333,24701],"class_list":["post-1949307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-caused","tag-citys","tag-crime","tag-decreased","tag-francisco","tag-hotels","tag-problem","tag-properties","tag-san","tag-selling","tag-tourism"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1949307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1613"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1949307"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1949307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1949308"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1949307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1949307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1949307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}