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Two Silicon Valley hotels default on loan amid coronavirus-linked lodging slump

Two Silicon Valley hotels default on loan amid coronavirus-linked lodging slump

4 years ago
Anonymous $rxtAWepgzY

https://www.siliconvalley.com/2020/10/19/silicon-valley-hotel-default-loan-coronavirus-slump-real-estate-tech/

SUNNYVALE — Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence that the economic woes unleashed by the coronavirus may widen.

A mortgage on the hotels, one in Sunnyvale and one in Mountain View, has landed in default and could be foreclosed, public documents filed in September in Santa Clara County show.

Two Silicon Valley hotels default on loan amid coronavirus-linked lodging slump

Oct 19, 2020, 1:36pm UTC
https://www.siliconvalley.com/2020/10/19/silicon-valley-hotel-default-loan-coronavirus-slump-real-estate-tech/ > SUNNYVALE — Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence that the economic woes unleashed by the coronavirus may widen. > A mortgage on the hotels, one in Sunnyvale and one in Mountain View, has landed in default and could be foreclosed, public documents filed in September in Santa Clara County show.