The Hilton Union Square and Parc55 Sold for $408 Million, Though Were Previously Worth $1.5 Billion

The article was originally published on https://sfist.com/2025/11/25/turns-out-that-the-hilton-union-square-and-parc55-sold-for-408-million-though-were-previously-worth-1-5-billion/We’re just now learning the sale price of a hotel deal that happened three months ago, and SF’s largest hotel, the Hilton Union Square, plus the also-very-large Parc55, sold for $408 million, though they’d been worth $1.5 billion in 2016. The SF Union Square hospitality industry was already in the dumps in mid-2023 when the city's largest hotel, the Hilton Union Square (333 O’Farrell Street), and the city’s fourth-largest Parc 55 hotel (55 Cyril Magnin Street), saw their owners default on a $723 million mortgage and abandon the properties. Both hotels then operated in limbo for more than two years, until Septemb