COVID hospitality: Two Silicon Valley hotels head for auction block and foreclosure

COVID hospitality: Two Silicon Valley hotels head for auction block and foreclosure

3 years ago
Anonymous $4BDEsVAtYS

https://www.siliconvalley.com/2021/04/26/covid-real-estate-two-silicon-valley-hotels-auction-foreclosure/

SUNNYVALE — Two Silicon Valley hotels are headed for the auction block and foreclosure, fresh evidence that economic ailments unleashed by the coronavirus still sicken the hospitality industry.

The lender that holds the mortgage on the hotels, one in Sunnyvale and one in Mountain View, has scheduled a public auction for the two properties, which would be a prelude to a loan foreclosure and seizure, according to property documents filed on April 20.

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