Parc 55 and Hilton San Francisco Union Square Sell for $408 Million
Photo Credit: Drone image of the exterior of the Hilton San Francisco Union Square Hotel at sunset. Hilton
Skift Take
Newbond Holdings and Conversant Capital have closed on the purchase of the Parc 55 and Hilton San Francisco Union Square for $408 million. Plus, more hotel deal news.
The DJIA rebounded 493 points on Friday, while Nasdaq bounced 195, the S&P 500 was up 64 points and the 10-year treasury yield was down .04 to 4.06%. Lodging stocks were higher, led by VAC with a 9% rise, PK up 7% and SVC, INN, Hand HGV all up 6% on the day.
Canada's hotel industry reported its highest 2025 monthly growth rates in ADR and RevPAR, according to October 2025 data from CoStar. October 2025 (percentage change from 2024): Occupancy: 69.8% (+2.1%) ADR: CAD214.09 (+7.0%) and RevPAR: CAD149.49 (+9.2%). Among the provinces and territories, Newfoundland and Labrador reported the largest gains in occupancy (11.9% to 70.0%) and RevPAR (+19.0% to CAD121.03). Nova Scotia registered the highest increase in ADR (+10.7% to CAD207.78). Among the major markets, Toronto saw the largest jumps in ADR (+14.8% to CAD294.90) and RevPAR (+17.3% to CAD239.81), due to the impact of the World Series.
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