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Moxy Uptown Oakland stops taking hotel reservations and is expected to close

Moxy Uptown Oakland appears poised to close after ceasing guest bookings and bar operations amid a $35 million loan default and recent management changes.

fromThe Oaklandside

5 months ago

The state of Oakland hotels: a conversation with the downtown Marriott

Others have simply closed (the Waterfront Hotel, the Hilton airport hotel) or been foreclosed (the Residence Inn/AC Hotel downtown). Perhaps the most high-profile case was the Oakland Marriott City Center, which opened in 1983. Its former owner, Hong Kong-based Gaw Capital, defaulted on its property loan earlier this year. Creditor Invesco seized the property at a foreclosure auction for half the purchase price Gaw spent in 2017. Meanwhile, workers protested last fall over stalled contract negotiations.

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Moxy Uptown Oakland stops taking hotel reservations and is expected to close

The state of Oakland hotels: a conversation with the downtown Marriott

#oakland-hospitality
#oakland-hospitality