Coronavirus real estate: Bay Area hotel loan woes intensify

Coronavirus real estate: Bay Area hotel loan woes intensify

4 years ago
Anonymous $RGO3jP_V_c

https://www.siliconvalley.com/2020/10/28/coronavirus-real-estate-bay-area-hotel-loan-woes-intensify/

PLEASANTON — A widening array of loan-related woes have begun to surface for hotels in at least four counties in the Bay Area, an indication that the economic damage from coronavirus-linked shutdowns ordered by state and local government agencies has yet to run its course.

Five hotels in the East Bay, South Bay, and San Francisco — all deemed by experts to be high-end lodging facilities — now suffer severe financial distress, according to multiple public disclosures obtained by this news organization.

Coronavirus real estate: Bay Area hotel loan woes intensify

Oct 28, 2020, 5:19pm UTC
https://www.siliconvalley.com/2020/10/28/coronavirus-real-estate-bay-area-hotel-loan-woes-intensify/ > PLEASANTON — A widening array of loan-related woes have begun to surface for hotels in at least four counties in the Bay Area, an indication that the economic damage from coronavirus-linked shutdowns ordered by state and local government agencies has yet to run its course. > Five hotels in the East Bay, South Bay, and San Francisco — all deemed by experts to be high-end lodging facilities — now suffer severe financial distress, according to multiple public disclosures obtained by this news organization.