Instead of an outright ban on condo conversions for hotels with over 50 rooms, Supervisor Peskin has agreed to amend his legislative proposal to create an 18-month ban on condo conversions for “tourist” hotels of 100+ rooms. Guess we won’t be moving to the Fairmont anytime soon.
“This compromise will ensure that we protect the workers who have dedicated their lives to our hospitality industry while studying the long-term effects that hotel-to-condominium conversion might have on San Francisco’s economy,” Peskin said.
Newsom concurred. “This gives us all time to make informed decisions so we can do what’s best for the city,” the mayor said.
Reiterating our original comment, “A bit reactionary and short-sighted if you ask us.”
· Hotel workers union, city reach condo deal [Chronicle]
· Fairmont compromise reached [Examiner]
· Fairmont Furor [SocketSite]