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- I’ve Had it With Stupid Stuff About Hotels in San Francisco: Park Hotels & Wall Street Screwed Shareholders, Bond-Fund Holders, and Pension Funds, but Blame San Francisco?
I’ve Had it With Stupid Stuff About Hotels in San Francisco: Park Hotels & Wall Street Screwed Shareholders, Bond-Fund Holders, and Pension Funds, but Blame San Francisco?
by Wolf Richter Wolf Street
The clueless WSJ reporter needs to be taken to the woodshed. That kind of BS article doesn’t belong in the WSJ.
The Wall Street Journal managed to publish another stupid article this morning with a clickbait headline and subtitle about hotels in San Francisco, concocted by a young clueless reporter who lives on the other side of the country and got her notions about San Francisco from reading what exactly?
As her core example, she regurgitated a clickbait story engineered via press release by Park Hotels & Resorts, a publicly traded REIT that owns a bunch of decades-old overleveraged hotel properties. It doesn’t operate the hotels, other companies do that. It just owns the land and buildings.