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fromThe Mercury News
3 weeks ago

South Bay hotel lands buyer at price below its assessed value

MILPITAS - The 229-room Sheraton San Jose Hotel was bought for $20.1 million, according to documents filed on Aug. 22 at the Santa Clara County Recorder's Office, well below the property's assessed value. The purchase price for the hotel at 1801 Barber Lane, near the interchange of Interstate 880 and Montague Expressway, was 47% below its assessed value of $38.1 million as of January, according to county real estate documents.
Silicon Valley real estate
Los Angeles
fromtherealdeal.com
3 months ago

Los Angeles hotel executives warn distress to follow wage hike

Los Angeles City Council's proposal to raise minimum wage for hospitality workers to $30 by 2028 may lead to a decline in hotel sales and investments.
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