Our students are the heart of all that we do at San Jose State University, said SJSU President Dr. Cynthia Teniente-Matson. This new housing option will expand our campus footprint and add student vibrancy to the downtown corridor.
The deal, described by the university as a landmark agreement that enables SJSU to significantly expand its undergraduate housing inventory, involves the sale of the 264-room southern tower of the 805-room Signia by Hilton San Jose hotel to real estate firm Throckmorton.
In two years, San Jose State University has the option to buy the tower outright from Throckmorton Partners, upon approval of the California State University Board of Trustees.
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