SAN FRANCISCO — A historic hotel nestled atop ritzy Nob Hill in San Francisco that is burdened by a delinquent real estate loan is a crucial step closer to landing a new owner, public records indicate.
The Huntington Hotel could be edging near to gaining a new owner now that its delinquent loan has been taken over by an affiliate controlled by Highgate, a New York City-based hotel company.
Highgate’s expertise includes working with lenders to take control of hotels that are in financial distress, such as the Huntington Hotel at 1075 California Street on Nob Hill.
In August 2022, a $56.2 million loan from Deutsche Bank New York Branch