A distressed San Francisco hotel has lost 25 percent of its value in less than a year, according to special servicer reporting.

Blackstone wants to give up its 346-room Club Quarters San Francisco hotel after defaulting three years ago on a $274 million loan. The New York-based investor is in talks with special servicer ...

The debt-burdened 346-room Club Quarters hotel in downtown San Francisco's Financial District may be quietly in search of a new owner, as suggested by recent news reports and public filings.

If Blackstone surrenders the San Francisco property, it won't be the first local hotel owner to face trouble over loans.

Hotel owners in San Francisco have been deciding to leave the city as its many economic sectors have failed to recover since the pandemic.