#hotel-sale tag

Is struggling hotel a bellwether for downtown San Jose? - San Jose Spotlight

The Signia by Hilton San Jose may be sold, raising concerns about its impact on downtown's economic recovery.

Centuries old Kerry hotel sold to American investment company

Valentia Island's sole hotel was sold to an American investor as owners frequently engaged with the local community, boosting the island's UNESCO bid.

East Bay real estate

fromThe Mercury News

3 months ago

Oakland hotel near airport bought at huge reduction in value

An Oakland Courtyard by Marriott near the airport sold for $12.5 million, reflecting a drastic drop in Bay Area hotel valuations.

fromwww.mercurynews.com

4 months ago

San Jose hotel that might become housing complex is bought at weak price

The Sonesta ES Suites hotel in north San Jose has been bought for $16 million by an affiliate headed up by San Diego-based Kalthia Group Hotels, according to documents filed on Dec. 17 with the Santa Clara County Recorder's Office. Earlier this year, Kalthia Group Hotels executives floated a preliminary proposal to convert the 114-room suites hotel into residences. This makes sense as a housing conversion, said Alan Reay, president of Atlas Hospitality Group, which tracks the California lodging market. Suites already have kitchens, so that makes a conversion easier.

Real estate

East Bay real estate

fromThe Mercury News

4 months ago