Developer Defaults on Loan Against Luxury SF Hotel, Signaling a New Blow to Downtown

Published on March 18, 2024

Westbrook Partners has reportedly defaulted on a loan against its luxury Four Seasons Hotel in downtown San Francisco, signaling it might be the latest hotelier to walk away from the city. The San Francisco Business Times reported March 14 that the New York-based national real estate investment management firm received a notice of default for the more than $70 million loan against the 155-room hotel at Sansome and California streets. The company hasn’t made loan payments since December but has 90 days to bring its account current or face foreclosure, according to the article. Westbrook Partners could not be reached for comment Monday....

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