JLL seeks a buyer for a non-performing loan for Signia by Hilton in downtown San Jose to potentially improve its financial structure.
Efforts underway to recapitalize the hotel's finances and find a new lender to solidify its monetary footing, aiming for financial stability.
Signia by Hilton plays a crucial role in Silicon Valley's lodging market with 541 rooms, integral for the city's urban core recovery post-coronavirus.
South tower of the hotel bought by Throckmorton Partners to convert into housing for San Jose State University students, highlighting adaptive reuse potential.
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