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Blackstone Could Potentially Check Out of Four Downtown Hotels Across the Country

Negotiations Are Ongoing on Defaulted Loan Backed by 1,228-Room Club Quarters Portfolio

Lenders are in negotiations with a Blackstone Group fund over a defaulted loan on four Club Quarters hotels, including this one in San Francisco. (CoStar)
Lenders are in negotiations with a Blackstone Group fund over a defaulted loan on four Club Quarters hotels, including this one in San Francisco. (CoStar)

A Blackstone Group real estate fund is considering walking away from four Club Quarters hotels purchased in 2016 as downtown business stays have yet to bounce back from the pandemic.

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