The InterGroup Corporation, Santa Fe Financial Corporation and Portsmouth Square, Inc. Announce Management Changes
October 21, 2017 at 01:56 am IST
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On October 16, 2017, The InterGroup Corporation, and its subsidiaries, Santa Fe Financial Corporation and Portsmouth Square, Inc. announced that David T. Nguyen, the company's Treasurer and Controller, who also served as the principal financial officer of the company, Santa Fe and Portsmouth, has resigned effective immediately. On October 16, 2017, the company announced that the company's Board of Directors had elected Danfeng (Stacy) Xu as the company's new Treasurer and Controller, who will also serve as the principal financial officer of the company, Santa Fe and Portsmouth effective as of October 17, 2017. Ms. Xu, age 31, had served as Controller and other positions, of the Hilton San Francisco Financial District from July 2010 to February 2017.
Portsmouth Square, Inc. operates in San Francisco hotel industry. The Companyâs primary business is conducted through its general and limited partnership interest in Justice Investors Limited Partnership, a California limited partnership (Justice). Justice, through its subsidiaries Justice Operating Company, LLC and Justice Mezzanine Company, LLC owns and operates a 544-room hotel property located at 750 Kearny Street, San Francisco California, the Hilton San Francisco Financial District (the Hotel) and related facilities, including a five-level underground parking garage. The Company has two segments. Hotel Operations segment operates the Hotel. Investment Transactions segment invests its cash in marketable securities and other investments. In addition, it also invests in income-producing instruments, corporate debt and equity securities, publicly traded investment funds, mortgage-backed securities, securities issued by REITs and other companies which invest primarily in real estate.
PORTSMOUTH SQUARE, INC. 
