Two Silicon Valley hotels default on mortgages amid coronavirus-linked lodging slump
https://www.mercurynews.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 mortgages amid coronavirus-linked lodging slump
Oct 19, 2020, 8:27pm UTC
https://www.mercurynews.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.