Busy real estate investor buys another South Bay hotel at low price
Kalthia Group Hotels bought two Sonesta ES Suites in Santa Clara County at low per-room prices, and has proposed converting the north San Jose property to housing.
An Airport Hotel Gets New Life as Affordable Housing
A Queens Hilton was converted into 318 apartments, mostly reserved for homeless families, with two-bedrooms renting up to $1,500 and extensive amenities.
San Jose hotel that might become housing complex is bought at weak price
Kalthia Group affiliate bought the 114-room Sonesta ES Suites in North San Jose for $16 million, signaling weak Bay Area hotel values and conversion potential.