Wednesday, August 26, 2009

San Francisco Hotel losses mount, hurting city's coffers

On July 8, owners of the stately, 97-year-old Renaissance Stanford Court on Nob Hill defaulted on an $89 million loan. Three weeks later, the glitzy Four Seasons Hotel, built on Market Street in 2001, withheld payment on $90 million it owed.

Read more:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/24/MNBU19ACV5.DTL&type=travel

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