City may ban hotel-condo conversions forever, approximately
No wonder St. Francis owner Laurence Geller is so obsessed with the city's hotel-condo conversion moratorium -- Board of Supervisors president Aaron Peskin wants to make the temporary, 18-month ban effectively permanent.
The SF Examiner reports that Peskin is proposing extending the ban for "at least a decade," but don't worry, you can get an exemption if you ask Aaron nicely.
And then ask the Planning Commission nicely.
And then ask the union officials, neighbors, activist groups and other Planning Commission lobbyists nicely.
Between this and recent developments in commercial finance, San Francisco hotels seem to be depreciating nicely.
Examiner: Supe aims to shield hotel rooms from condo conversions
The SF Examiner reports that Peskin is proposing extending the ban for "at least a decade," but don't worry, you can get an exemption if you ask Aaron nicely.
And then ask the Planning Commission nicely.
And then ask the union officials, neighbors, activist groups and other Planning Commission lobbyists nicely.
Between this and recent developments in commercial finance, San Francisco hotels seem to be depreciating nicely.
Examiner: Supe aims to shield hotel rooms from condo conversions
Labels: hotels, real estate
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