#hotel-foreclosures

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LA real estate
fromwww.mercurynews.com
2 days ago

Bay Area hotel is bought through foreclosure of failed property loan

Bay Area boutique hotels purchased through foreclosure reveal ongoing hospitality sector weakness, with property values declining significantly since 2019 despite desirable locations.
LA real estate
fromwww.mercurynews.com
5 days ago

Los Gatos hotel seized through swift foreclosure as market wobbles

Bay Area hotel values have plummeted significantly, with the Toll House Hotel in Los Gatos declining 31% in value since 2019, reflecting widespread hospitality sector struggles across the region.
fromwww.mercurynews.com
5 months ago

San Jose hotel sells for less than prior value in weak lodging market

In a sign of ongoing weakness within the Bay Area hotel market, a San Jose hotel has been bought by a local real estate investment group for far less than the property's prior value. Sonesta Select San Jose Airport was purchased for $14 million, according to documents filed on Aug. 29 with the Santa Clara County Recorder's Office. A San Mateo-based group headed up by Jayesh Keshav, Leena Keshav, Neeraj Keshav, Jai Jalaram, and Krishna Keshav Patel bought the hotel through an affiliate,
Real estate
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