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Hotel Owners Start to Write Off San Francisco as Business Nosedives
- Park Hotels & Resorts announced they will no longer invest in two of their San Francisco hotels, citing "street conditions" and a slow recovery from the pandemic.
- The city launched a new campaign to attract tourists, but businesses continue to struggle, with Old Navy closing its flagship store and Westfield pulling out from operating the city's largest mall.
- San Francisco officials say the move by Westfield was not unexpected and they plan to pursue a new vision for the space, while the stores at the mall will remain open under new management.
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8 Articles
8 Articles
Westfield pulling out of downtown San Francisco
SAN FRANCISCO (KRON) -- In another big blow to San Francisco's downtown, Westfield will be pulling out from operating the city's largest mall. The company had owned and operated San Francisco Centre on Market Street for more than two decades. But a steep decline in shoppers and other "challenging operating conditions" heavily impacted sales numbers, according to Westfield. The mall's occupancy rate has dramatically dropped with major retailors…
·San Francisco, United States
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Coverage Details
Total News Sources8
Leaning Left0Leaning Right2Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
Factuality
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