Two of S.F.’s biggest hotels reportedly lose $1 billion in value after owner exits

Two of San Francisco's biggest hotels, Hilton Union Square and Parc 55, have lost $1 billion in value as the city’s critical tourism sector continues a slow recovery, according to a new report. The two hotels were valued at $553.8 million by Kroll Bond Rating Agency, down from $1.56 billion in 2016, according to real estate data firm Trepp. Last year, owner Park Hotels & Resorts gave up the 1,921-room Hilton Union Square at 333 O’Farrell St., the city’s largest hotel by room count; and the 1,024-room Parc 55 at...