(SNews) – The owner of two of San Francisco’s biggest hotels has thrown in the towel and announced it was leaving the city.

Virginia-based REIT Park Hotels & Resorts is abandoning the hotels to the lender because it lost faith the Democrat-controlled city can recover.

The company has opted to cease payments on a $725 million loan, surrendering over 2,900 hotel rooms and hospitality facilities to its lender.

They are walking away from the 1,921-room Hilton San Francisco Union Square, which is San Francisco’s largest hotel, and the 1,024-room Parc 55.

The news comes as crime rates continue to run red hot in San Francisco, Democrat Rep. Nancy Pelosi’s (D-CA) district.

Park Hotels CEO Thomas J. Baltimore said: “Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges.”

The company issued a release that said:

Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non-recourse CMBS loan which is scheduled to mature in November 2023 and is secured by two of its San Francisco hotels—the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco.

The Company intends to work in good faith with the loan’s servicers to determine the most effective path forward, which is expected to result in ultimate removal of these hotels from its portfolio.

“This past week we made the very difficult, but necessary decision to stop debt service payments on our San Francisco CMBS loan,” commented Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park.

“After much thought and consideration, we believe it is in the best interest for Park’s stockholders to materially reduce our current exposure to the San Francisco market.

“Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges – both old and new: record high office vacancy; concerns over street conditions; lower return to office than peer cities; and a weaker than expected citywide convention calendar through 2027 that will negatively impact business and leisure demand and will likely significantly reduce compression in the city for the foreseeable future.

“Unfortunately, the continued burden on our operating results and balance sheet is too significant to warrant continuing to subsidize and own these assets.

“Ultimately removing the loan and the hotels will substantially improve our balance sheet and operating metrics, as net leverage is reduced by nearly a full turn, while 2022 Comparable RevPAR and Comparable Hotel Adjusted EBITDA Margin as compared to 2019 would improve approximately 800 basis points and 230 basis points, respectively.

“In addition, reducing the negative overhang from San Francisco will allow Park to continue to focus on our key priorities to reshape our portfolio by selling non-core assets, and recycling capital to reduce leverage, invest in strategic ROI projects, and opportunistically repurchase stock and/or acquire assets.”

For further information, please review Park’s most recent investor deck on our website, which includes the illustrative impact on certain operating metrics when both hotels are removed from its portfolio.

https://twitter.com/zachcoelius/status/1665784412116770818

https://twitter.com/shellenberger/status/1666077021150273536

Also included in the deck is Park’s full-year 2023 guidance that was originally provided by the Company on May 1, 2023.

That guidance does not take into account financial impacts, if any, from the cessation of payment toward the San Francisco CMBS Loan as any such impacts are uncertain at this time.

The Company expects to update full-year 2023 guidance as necessary once those impacts and the path forward are certain.

slaynews.com/news/san-francisco-enters-doom-loop-as-owner-of-citys-two-biggest-hotels-abandons-properties-to-lender/

(SNews )- House Oversight Committee Chairman James Comer claimed that newly released emails between Hunter Biden and his business associates with the Obama White House cast doubt on President Joe Biden’s claims that he was unaware of his son’s business dealings when he was serving as the vice president.

Comer said: “We know Hunter Biden’s business associates visited the White House numerous times during the Obama-Biden administration, and now-unearthed emails reveal Hunter Biden and his associates sought access to the White House and official government events.

“The House Oversight Committee will continue to follow the Bidens’ complex financial transactions to determine the extent of their influence peddling schemes to determine if President Biden is compromised and our national security is threatened.”

House Oversight Committee ranking member Jamie Raskin (D-MD) said:

“What we’re talking about here is second-hand hearsay, and they did whatever investigative due diligence was called for in that assessment period, and they found no reason to escalate it from an assessment to a so-called preliminary investigation.”

Comer said earlier: “Today, FBI officials confirmed that the unclassified, FBI-generated record has not been disproven and stated several times the information contained within it is currently being used in an ongoing investigation.

“The confidential human source who provided information about then-Vice President Biden being involved in a criminal bribery scheme is a trusted, highly credible informant who has been used by the FBI for years.

“These are facts and no amount of spin, and frankly lies, from the White House or Congressional Democrats can change this information.

“At the briefing, the FBI again refused to hand over the unclassified record to the custody of the House Oversight Committee and we will now initiate contempt of Congress proceedings.

“Given the severity and complexity of the allegations contained within this record, Congress must investigate further.

“Americans have lost trust in the FBI’s ability to enforce the law impartially and demand answers, transparency, and accountability.

“The Oversight Committee must follow the facts for the American people and ensure the federal government is held accountable.

“The investigation is not dead. This is only the beginning.”

https://twitter.com/CitizenFreePres/status/1666097503199182850

https://twitter.com/GOPoversight/status/1666139848208523264

https://twitter.com/GOPoversight/status/1666139851270356992

slaynews.com/news/house-oversight-committee-busts-joe-biden-says-unearthed-emails-show-joe-lied-about-hunters-business/

(SNews) – Robert F Kennedy has President Joe Biden’s team in full panic as he rises in the polls and brings in some big-name supporters.

Twitter co-founder Jack Dorsey publicly backed Kennedy saying he could beat Biden, DeSantis, and Trump. Kennedy had a successful event on Twitter with Elon Musk and got the endorsement of surfing legend Kelly Slater.

Kennedy has taken some very popular positions including cracking down on illegal immigration and ending the war in Ukraine. Biden can’t debate him on these and other popular issues because most Americans do not agree with Biden.

It is that simple. Biden has terrible polling numbers because he deserves them and his team needs to stop Kennedy before the man with the golden last name picks up even more momentum.

So team Biden is going to their friends in the media and asking them to destroy Kennedy for them.

“Even the slightest press scrutiny is his biggest problem,” one Biden 2020 alum said.

“When Democrats see a candidate is anti-vaccination, anti-assault weapons ban, and a quasi 2020 election denier, their first thought is that this person must be a MAGA Republican.”

A former White House official said of Kennedy:

“It is a distraction, no doubt.

“And some could say just ignore it, which is how I would feel about it.

“At the same time, you’ve got to make sure that somebody is paying attention to it and pushing back.”

Kennedy’s campaign said earlier about the Dems trying to protect Biden:

“Mr. Kennedy believes the American people want and deserve debates.

“He continues to ask President Biden to join in free and open discussion of those range of important matters which concern all Americans.”

https://twitter.com/TRHLofficial/status/1665817708284321792

https://twitter.com/upholdreality/status/1665441337741651970

https://twitter.com/TheChiefNerd/status/1665889177429331969

slaynews.com/news/team-biden-wants-media-to-destroy-robert-f-kennedy-jr-for-them-as-he-picks-up-support-across-usa-report/

(SNews) – Democrats and their allies on the anti-Trump Jan. Committee doctored security footage from the U.S. Capitol to make the events on January 6, 2021, appear more violent.

The raw footage from the Capitol shows that Democrats doctored the videos with dramatic “Hollywood-style” sound effects.

On Friday, Just The News reporter John Solomon released unedited Jan. 6 footage that proves the Democrats’ January 6 House Select Committee presented footage with edited audio.

Solomon was one of three journalists who was granted access to the raw footage by House Speaker Kevin McCarthy (R-CA) last week.

In a video presented during a Congressional hearing, rioters can be seen breaking windows and entering the Capitol building during the Jan. 6 election protests in 2021.

In the committee’s footage, people can be heard shouting “go, go, go” overlayed over sounds of windows breaking and loud bangs.

The footage also contained the voice of a Capitol Police officer yelling, “We have a breach in the Capitol!”

The doctored audio seems to have been added to invoke fear in the viewer and exaggerate the events to appear more violent.

Solomon shared the unedited footage for the first time on Friday.

Because the security cameras don’t record audio, the uncut footage was completely silent with none of the sounds added in by the committee’s production team.

“That footage was thrown in there to create a dramatic, movie-like effect,” Solomon said.

“It’s no longer evidence now.

It’s now been turned into, a little bit of propaganda.

“It’s one thing if they told the public that they did it, but they don’t.”

The committee also doctored the audio on an overhead shot detailing the initial breach of Capitol Police lines in front of the building.

Like the CCTV footage from inside the building, the footage was altered to include the intimidating sounds of a loud, angry mob.

WATCH:

https://twitter.com/MJTruthUltra/status/1664765031798415360

slaynews.com/news/democrats-doctored-jan-6-security-footage-more-violent/

(SNews) – Authorities in Florida have arrested North Beach Miami’s Democrat mayor on voter fraud charges.

Mayor Anthony DeFillipo is facing 15 years in prison after being charged with three felony counts of voter fraud.

The charges are third-degree felonies, with each count punishable with up to five years in prison.

An investigation was launched into DeFillipo six months before his arrest.

Late last year, a complaint was filed against DeFillipo with the Miami-Dade Commission on Ethics & Public Trust.

The complaint alleged that DeFillipo lived in the town of Davie in Broward County.

The North Miami Beach charter requires that elected officials must reside in the city.

DeFillipo admitted that he owns a property in Davie but claimed he didn’t live there.

He said the home was for his family to live in because he was experiencing marital issues at the time.

The mayor insisted that he lives at his property in North Miami Beach.

Records show that DeFillipo owns two properties in Davie, which he admitted.

According to Broward County property records, DeFillipo and his wife purchased a six-bedroom home in the Sierra Ranches community in Davie for $1,226,500 in July 2022.

He acknowledged that he serves on the homeowners association board for the Davie community.

However, an investigation into DeFillipo revealed that the Democrat mayor had relocated to his residence in Davie.

Miami-Dade State Attorney Katherine Fernandez Rundle accused DeFillipo of driving from Davie to North Miami Beach to illegally cast his vote in three different elections in August, October, and November 2022.

DeFillipo was caught after prosecutors obtained his cell phone data, Rundle said.

Rundle’s office utilized cell phone data to determine that DeFillipo traveled from his property in Davie to vote in a precinct in North Miami Beach, and then returned to his home in Davie.

“We believe the evidence shows (DeFillipo) voted illegally three times,” Rundle declared.

Rundle said, “Our voting laws apply to everyone.

“There are no unwritten exceptions.”

DeFillipo has denied the allegations of voter fraud.

Michael Pizzi, DeFillipo’s attorney, claims that his client’s arrest is politically motivated.

“The mayor has explained over and over again, and under oath, he always intended to and always lived in North Miami Beach,” Pizzi said.

“We look forward to a speedy exoneration.”

“A registered Democrat, DeFillipo, 51, served on the city commission for five years before becoming mayor in 2018,” the Miami Herald reported.

“A licensed real estate broker, DeFillipo is CEO of TD Managing Enterprise.”

DeFillipo is reportedly the third North Miami Beach mayor to be arrested in 11 years.

slaynews.com/news/democrat-mayor-arrested-voter-fraud-charges-florida/

An investigation has uncovered that retail giant Target has been providing funding to a radical anti-military organization.

Financial records indicate that Target has been channeling funds through a nonprofit to various far-left groups, including the NDN Collective.

The NDN Collective is a radical organization advocating for the demilitarization of the United States and calling for the closure of Mount Rushmore, which they perceive as a symbol of white supremacy.

This revelation about Target’s “woke” funding efforts was brought to light during an investigation conducted by Fox News.

According to Fox, these radical expenditures are part of Target Corporation’s diversity, equity, and inclusion (DEI) program, which was initiated in response to the violent George Floyd protests led by the Black Lives Matter movement in 2020.

However, instead of solely focusing on enhancing representation and support for historically marginalized groups, Target has been allocating funds to organizations with explicit far-left political agendas.

Under the guidance of its “diversity chief” Kiera Fernandez, Target accelerated its DEI program in response to demands from the Black Lives Matter organization.

Fernandez has previously called on “white women” to combat alleged systemic racism in America.

Fox News discovered that Target, through its nonprofit foundation, directed by senior corporate treasurers, provided funding to the NDN Collective.

NDN Collective advocates for the transfer and redistribution of U.S. sovereign land, such as Mount Rushmore, and campaigns for the demilitarization of the U.S. military, which they characterize as violent.

Additionally, the same grantee supports the destruction of Israel’s Jewish character through the Palestinian “Law of Return.”

NDN Collective aims to employ economic warfare strategies against Israel, including boycotts and sanctions, in order to “Free Palestine.”

Another organization receiving grants from the Target Foundation suggests that parents should specifically teach “white children” to acknowledge and understand systemic racism by discussing it with them.

This organization also asserts that capitalism perpetuates racism.

Target Foundation’s website indicated its funding of the NDN Collective in 2022.

According to its 2021 tax filing, the NDN Collective is a South Dakota-based nonprofit with a significant revenue stream that has exceeded $50 million.

NDN Collective operates with a “racial equity lens” and is dedicated to advancing Indigenous power through organizing, activism, philanthropy, grantmaking, and narrative change.

The organization identifies as “intersectional,” a concept coined by critical race theorist Kimberlé Crenshaw, who argues that America is inherently structured with racist and misogynistic systems that intersect to create multiple layers of oppression for individuals.

NDN Collective seeks collaboration with other marginalized groups to strive towards liberation.

Their campaign, known as “LANDBACK,” calls for the relinquishment of public land in the United States.

“The closure of Mount Rushmore, return of that land and all public lands in the Black Hills, South Dakota is our cornerstone battle,” NDN Collective stated.

“Mount Rushmore not only sits in the heart of the sacred Black Hills, but it is also an international symbol of white supremacy and colonization. To truly dismantle white supremacy and systems of oppression, we have to go back to the roots, which, for us, means putting Indigenous Lands back in Indigenous hands.”

LANDBACK also supports the dilution of Israel’s Jewish character by opening its doors to self-identified Palestinian refugees.

Following Israel’s handover of the Gaza Strip for peace in 2005, which resulted in control by the Hamas terror group, some consider it a “missile launch pad.”

LANDBACK also employs a phrase that has long been interpreted as a call for the elimination of the Jewish state, similar to the stance of terrorist organizations like Hamas, according to the Anti-Defamation League (ADL).

The NDN Collective holds hostile views towards the military and advocates for the demilitarization of the United States.

They claim that the U.S. military actively takes land from communities worldwide and employs its presence to pursue its own agenda, using violence to establish dominance domestically and internationally.

Fox News reached out to Target to address how the corporation can publicly support veterans while simultaneously funding an anti-military organization, but no immediate response was received.

Target expressed its gratitude to those who have served or are serving the country in a 2020 statement: “If you or your loved ones are serving or have served our country, we share our heartfelt thanks—today and always.”

NDN Collective also alleges that the U.S. military has origins rooted in indiscriminate killings and complicity in slavery.

They claim that the establishment of informal militias comprised of settlers was not for police or citizen protection but rather to forcibly remove Native Americans and capture runaway enslaved Africans.

NDN Collective endorses the far-left Green New Deal proposed by Democratic Representative Alexandria Ocasio-Cortez (D-NY), which opposes fossil fuels, and refers to the U.S. military as the world’s largest institutional polluter.

In another instance demonstrating their stance on law enforcement, the organization expressed opposition to the construction of a police training center called “cop city” in Atlanta.

Opponents of “cop city” have staged protests, some of which turned violent, resulting in 19 defendants being charged with domestic terrorism.

Apart from the NDN Collective, Target has provided funding to other organizations such as YWCA Minneapolis, which aims to incorporate racial equity into local policies since 2019.

The organization argues that capitalism, as the prevailing economic system, is connected to racism, genocide, and systemic inequities.

They offer “anti-racist” guidance to parents and community members, emphasizing the importance of raising children, especially white children, to recognize and understand race and its impact on society.

Target also supports a YWCA chapter in St. Paul and provides grants to the National Urban League (NUL), which advocates for federal laws restricting the Second Amendment and alternatives to policing.

Target states that it expedited its equity agenda in response to the 2020 protests following the death of George Floyd. However, some grants were disbursed before that time.

Target CEO Brian Cornell discussed the company’s DEI strategy in a September 2022 interview, mentioning that meetings held in 2019 prepared him for George Floyd’s murder.

Cornell has also stated that Target’s diversity strategy has proven beneficial for the business, driving sales and fostering engagement with teams and customers.

Financial records further reveal that Target has allocated at least $2.1 million to an organization called GLSEN.

GLSEN urges school districts to adopt policies that withhold information from parents about their children’s in-school gender transitions.

The organization provides sexually explicit books to schools and advocates for the integration of gender ideology across various curriculum subjects, including math.

Moreover, Target has a connection to GLSEN through Carlos Saavedra, a vice president of brand marketing at Target and a treasurer at GLSEN.

These recent revelations come amidst Target facing criticism for promoting a satanic-themed transgender clothing line for children and receiving complaints regarding the sale of “tuck-friendly” swimsuits for girls.

(CBrief) – Just weeks after special counsel John Durham, charged during the Trump administration with investigating the origins of “Russian collusion” allegations, dropped his report after a lengthy four-year investigation, shocking new details regarding the 2016 Hillary Clinton campaign have emerged.

According to senior RealClearInvestigations reporter Paul Sperry, a key Clinton legal contractor with ties to the so-called “Steele Dossier,” refused to hand over hundreds of documents sought by Durham during his probe. And what’s more, Sperry says that Durham didn’t even try to force the issue.

“BREAKING: Hillary Clinton campaign contractor Fusion GPS held back more than 1,500 DOCUMENTS sought by Special Counsel Durham, claiming attorney-client privilege, and Durham didn’t sue for the evidence,” Sperry wrote on Twitter on Friday.

He added: “[Federal Election Commission] ruled against Clinton campaign for hiding behind a related legal claim.”

https://twitter.com/paulsperry_/status/1664669394457223170

In another tweet, Sperry added: “DEVELOPING: Garland and Wray persuaded Durham to bury in a Classified Appendix of his report even more egregious examples of FBI misconduct in the last 2 FISA applications to renew wiretaps to spy on Trump aide Page. Trump could declassify the doc if he recaptures the White House.”

https://twitter.com/paulsperry_/status/1665181135503085568

Finally, Sperry offered an explanation as to why Durham and his team may not have been as aggressive as they could have been in pursuing their investigation into why the FBI launched a counterintelligence probe into Trump’s 2016 campaign for no legitimate reason.

“FEC records show virtually all of Durham’s prosecutors were Romney/McCain Republicans, which means they likely had little sympathy for Trump. Explains the lack of aggression going after FBI/DOJ officials who targeted Trump and the focus on Democratic activists instead,” Sperry tweeted.

https://twitter.com/paulsperry_/status/1664662361104424967

conservativebrief.com/2016-clinton-2-73828/

(SNews) – Christian actor Mark Wahlberg has left Hollywood and moved to Nevada to give his children a better quality of life.

Now he is getting ready to make Nevada the new Hollywood.

Wahlberg and other major players in the entertainment industry are backing an effort by the Nevada legislature to offer tax credits for the film industry.

“I would love to see us building studios, creating jobs, and just diversifying the economy,” Wahlberg said.

“I’ve moved my last film here. I’m shooting another film here coming up in the summertime.

“I think there’s so much more opportunity to be created here.

“There’s so much growth and so much potential, it’s a wonderful opportunity for everybody to prosper.”

Mark said earlier about his plans for the new Hollywood:

“We’re looking to create 10,000 jobs on the studio alone.

“The average salary would be $100,000 more than what it is now.

“We want to train people both in front of and behind the camera, create jobs, most importantly, first and foremost, for locals.”

Howard Hughes CEO David O’Reilly said: “Our employees and the future of Summerlin are inextricably linked with the Nevada economy.

“If we can strengthen, diversify and grow by bringing the film industry here, that will benefit all of us.

“That money is only earned if money is spent here,” he said.

“For a company to earn $190 million tax credit they would have to spend $633 million filming and creating economic development for this whole valley.”

WATCH:

slaynews.com/news/christian-actor-mark-wahlberg-to-create-hollywood-2-0-announces-location-of-new-studio/

(SNews) – “Meet the Press” host and moderator Chuck Todd announced today that he will step down after nine years of hosting the show.

Kristen Welker will replace him.

Todd said: “It’s been an amazing nearly decadelong run.

“I am really proud of what this team and I have built over the last decade.

“I’ve loved so much of this job, helping to explain America to Washington and explain Washington to America.

“When I took over ‘Meet the Press,’ it was a Sunday show that had a lot of people questioning whether it still could have a place in the modern media space.

“Well, I think we’ve answered that question and then some.”

NBC News’s senior vice president of politics, Carrie Budoff Brown, and the network’s president of editorial, Rebecca Blumenstein, said in a memo to staff:

“‘Meet the Press’ has sustained its historic role as the indispensable news program on Sunday mornings.

“Through his penetrating interviews with many of the most important newsmakers, the show has played an essential role in politics and policy, routinely made front-page news, and framed the thinking in Washington and beyond.”

https://twitter.com/MeetThePress/status/1665357927568273410

Welker said: “Chuck Todd has been a mentor and friend since my first day at NBC News.

“I’ve learned so much from sitting with him at the anchor desk and simply experiencing his passion for politics.

“I’m humbled and grateful to take the baton and continue to build on the legacy of Meet the Press.”

https://twitter.com/kwelkernbc/status/1665359215358095360

slaynews.com/news/chuck-todd-out-at-nbcs-meet-the-press/

(SNews) – Oakland residents have finally revolted against crime in the city and the leaders’ “failed policies.”

During a community safety meeting this week, residents blasted leadership for allowing crime to run wild by refusing to lock up criminals.

The meeting was hosted by City Council Member Dan Kalb.

It included representatives from the Oakland Police Department and Oakland’s Department of Violence Prevention.

Hundreds of fed-up residents attended the meeting.

The resident told the meeting: “It’s all women.

“Two kids beat the sh*t out of me in front of my house last Monday night.

“Down on the pavement.

“Punching me, kicking me, dragging me through the street.

“When you signal to the community that the police are the problem, what do you expect?

“All the people in this room, we are the victims of a failed progressive utopia.

“Your policies have failed,” the resident blasted.

“That’s why all this stuff is happening because you didn’t start by citing people for these low-level crimes–and don’t tell me it’s profiling because you can’t even see who’s in the car.

“If you can’t do the time, don’t do the crime.

“But if there is no time, go ahead and do the crime, right?”

“He’s been naked,” one store owner said about a man living in front of his shop.

“He’s masturbated in front of them.

“He’s urinated in front of them.

“And there’s nothing I’m told that the police can do.”

WATCH:

https://twitter.com/CitizenFreePres/status/1664383097557622784

https://twitter.com/TBifford/status/1664433410671034368

slaynews.com/news/we-are-the-victims-of-a-failed-progressive-utopia-oakland-residents-finally-revolt-against-crime-your-policies-have-failed/