Real estate: Upscale Menlo Park hotel is seized through foreclosure

Real estate: Upscale Menlo Park hotel is seized through foreclosure

3 years ago
Anonymous $hYN7Hy7o7J

https://www.siliconvalley.com/2021/04/02/real-estate-upscale-menlo-park-hotel-seized-foreclosure-covid/

MENLO PARK — An upscale Menlo Park hotel whose owners had defaulted on a property loan has been seized through foreclosure of its loan, a grim new entry in the catalog of lodging industry woes during the coronavirus era.

Park James Hotel, located at 1400 El Camino Real near downtown Menlo Park, is now owned by an affiliate of a Midwest firm whose specialties include the purchase of delinquent property loans, according to documents filed on Feb. 4 with San Mateo County officials.

Real estate: Upscale Menlo Park hotel is seized through foreclosure

Apr 2, 2021, 1:15pm UTC
https://www.siliconvalley.com/2021/04/02/real-estate-upscale-menlo-park-hotel-seized-foreclosure-covid/ > MENLO PARK — An upscale Menlo Park hotel whose owners had defaulted on a property loan has been seized through foreclosure of its loan, a grim new entry in the catalog of lodging industry woes during the coronavirus era. > Park James Hotel, located at 1400 El Camino Real near downtown Menlo Park, is now owned by an affiliate of a Midwest firm whose specialties include the purchase of delinquent property loans, according to documents filed on Feb. 4 with San Mateo County officials.