Newbond Holdings and Conversant Capital Close Acquisition of Two Major San Francisco Hotels

Core Insights - Newbond Holdings and Conversant Capital have successfully acquired two major hotels in San Francisco, the Hilton San Francisco Union Square and Parc 55 San Francisco, for a total of $408 million, which represents approximately 10% of the city's total room inventory [1][2]. Company Overview - Newbond Holdings is a hospitality-focused real estate investment firm with a national portfolio of hotel assets, emphasizing creative structuring and operational expertise to create significant value [3]. - Conversant Capital is a private investment firm founded in 2020, focusing on credit and equity investments in real estate, digital infrastructure, and hospitality sectors [4]. - Hilton is a leading global hospitality company with a portfolio of 25 brands, over 1.3 million rooms, and a commitment to enhancing guest experiences through technology and loyalty programs [5]. Market Position - The acquired hotels are strategically located in Union Square and are expected to benefit from San Francisco's recovery as a global destination, supported by strong leadership and investment in the hospitality sector [2]. - The acquisition is seen as a long-term commitment to support San Francisco's recovery and enhance the diversity of its lodging market [2].