The InterGroup Corporation (InterGroup) is engaged in buying, developing, operating, rehabilitating and disposing of real property of various types and descriptions, and engaged in such other business and investment activities. The Company operates in three segments: Hotel Operations, which is engaged in the operation of the Hilton San Francisco Financial District (the Hotel) and operation of the garage; Real Estate Operations, which is engaged in the operation of its multi-family residential properties, and Investment Transactions, which includes the investment of its cash in marketable securities and other investments. The San Francisco hotel property is owned indirectly by Justice Investors Limited Partnership (the Partnership) through its subsidiary, Justice Operating Company, LLC. The San Francisco hotel is centrally located near the Financial District in San Francisco. The San Francisco hotel is a 31-story (including parking garage), steel and concrete, A-frame building.