Now the Proper Hotel on Mid-Market Appears to Be In Financial Distress

Now the Proper Hotel on Mid-Market Appears to Be In Financial Distress

One of two boutique, luxury hotels that were meant to be part of a renaissance on mid-Market Street — which never really materialized — the Proper Hotel at Seventh and Market, now looks like it might fall into the hands of its lender.As the SF Business Times reports, the Santa Monica-based Kor Group, which opened the hotel in 2017 with a bold new renovation by designer Kelly Werstler, has defaulted on its loan payments. The company took out a $2…

Kor Group’s 131-Room San Francisco Proper Hotel Receives Default Notice on $36.5MM Debt - The Registry

By The Registry Staff Another San Francisco hotel property is facing financial difficulties. According to public property records, the San Francisco Proper Hotel, a luxury property located at 1100 Market St., has received a default notice from its lender, Westbrook Partners. This action follows Kor Group, the hotel’s owner, falling behind on loan payments and […] The post Kor Group’s 131-Room San Francisco Proper Hotel Receives Default Notice on…