EPISODE · Mar 11, 2026 · 21 MIN
What it was like to take over San Francisco's biggest hotels in receivership (with HotelAVE's Michelle Russo)
from CoStar News Hotels · host CoStar News Hotels
Michelle Russo, founder and CEO of HotelAVE, had the eyes of the entire hospitality industry on her when she took over as receiver of the Parc 55 and Hilton Union Square hotels after Park Hotels & Resorts decided to hand back the keys instead of paying $725 million in debt. She joins the podcast to give an inside look at what it was like taking over those "beasts of assets" and find buyers for them during a uniquely challenging period in San Francisco's history.
What this episode covers
Michelle Russo, founder and CEO of HotelAVE, had the eyes of the entire hospitality industry on her when she took over as receiver of the Parc 55 and Hilton Union Square hotels after Park Hotels & Resorts decided to hand back the keys instead of paying $725 million in debt. She joins the podcast to give an inside look at what it was like taking over those "beasts of assets" and find buyers for them during a uniquely challenging period in San Francisco's history.
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What it was like to take over San Francisco's biggest hotels in receivership (with HotelAVE's Michelle Russo)
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