Portsmouth Square, Inc.
PRSI
Other OTC5.23
USD
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Portsmouth Square, Inc.
PRSI
(Other OTC)
Recent
price
5.23
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Portsmouth Square, Inc. is a California-based holding company primarily engaged in the ownership and operation of the Hilton San Francisco Financial District, a 544-room full-service hotel property located at 750 Kearny Street in downtown San Francisco, California; the hotel offers guest rooms and luxury suites across 22 floors, a restaurant, lounge, private dining room, fully equipped gym, approximately 22,000 square feet of meeting space including a grand ballroom, and a five-level underground parking garage with substantial capacity. Incorporated in 1967 and headquartered at 1516 South Bundy Drive, Suite 200, Los Angeles, California, the company conducts its principal operations through wholly owned subsidiaries Justice Operating Company, LLC, and Justice Mezzanine Company, LLC, following the dissolution of Justice Investors Limited Partnership on December 23, 2021, after Portsmouth acquired the remaining 0.7% limited partnership interest on July 15, 2021. Portsmouth Square operates as a consolidated subsidiary of The InterGroup Corporation (NASDAQ: INTG) and trades publicly on the OTC market under the ticker PRSI; it also maintains an investment portfolio comprising marketable securities, income-producing instruments, corporate debt and equity securities, and publicly traded investment funds. The company serves leisure and business travelers in the competitive San Francisco hospitality market, focusing on the hotels and resorts segment within the consumer discretionary sector; its operations emphasize hotel management, investment transactions, and related ancillary services such as event hosting and parking facilities. In recent strategic developments, Portsmouth Square completed a significant refinancing of its flagship hotel asset on April 1, 2025, securing a $67 million mortgage loan from PRIME Finance at a floating SOFR plus 4.80% rate with an interest rate cap, arranged by Eastdil Secured, LLC, alongside a modified $36.3 million mezzanine loan from CRED REIT Holdco LLC at a fixed 7.25% rate, both maturing in two years with three one-year extension options; these transactions enhance financial flexibility amid ongoing debt management efforts, including loan modifications with parent company The InterGroup Corporation increasing borrowing capacity to $30 million as of March 2024 and extensions to July 31, 2025.
Portsmouth Square, Inc. Reports Third Quarter Fiscal 2026 Results; Hotel Operating Results Improve Year‑Over‑Year as San Francisco Recovery Progresses
Portsmouth Square, Inc. Reports Q1 FY2026 Results; Hotel KPIs Up, Continued Stabilization in San Francisco, and ~$10.1 Million in Cash & Restricted Cash
Portsmouth Square, Inc. Announces FY2025 Results; Going-Concern Doubt Alleviated Following March 2025 Hotel Refinancing and Strong Operating Trends
Portsmouth Square Completes Strategic Refinancing of Hilton San Francisco Financial District Hotel