This is less interesting IMO when going over the SEC filings of the company. These loans were coming due in Nov 2023, at what would be higher interest rates, an

This is less interesting IMO when going over the SEC filings of the company. These loans were coming due in Nov 2023, at what would be higher interest rates, and average bookings and occupancy for their portfolio are only 79% of what they were in 2019. It makes for a good story about how shitty San Francisco has become but likely would have any other hotel in this REIT. They operate on rolling over mortgages continually and after more than a decade of low interest rates this roll over greatly effects free cash flow - after hotels got crushed during covid for 2 years and still haven't fully recovered. Also, it appears the hotel is still operating, so how they are just walking away I don't know. Don't worry about the company, while they can't roll over their mortgages they have enough cash flow at the moment for their dividend and buying back $100 million of shares in the last year but do still have billions in debt to roll over in the next few years so if interest rates remain high expect more.