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Lender winds up as owner of foreclosed San Jose hotel project site

Lender winds up as owner of foreclosed San Jose hotel project site

a year ago
Anonymous $KxGqLmj_R3

https://www.mercurynews.com/2023/05/08/san-jose-alviso-hotel-covid-loan-buy-sell-build-economy-foreclose-tech/

SAN JOSE — A San Jose project site intended to hold a new hotel — whose development future is murky due to coronavirus-linked economic woes — is now owned by a unit of the property’s lender after the formal completion of a real estate foreclosure.

The proposed hotel development — if built — would consist of 200 rooms and is located in North San Jose’s Alviso district near the Topgolf entertainment, dining and golfing hub.

Lender winds up as owner of foreclosed San Jose hotel project site

May 9, 2023, 11:16am UTC
https://www.mercurynews.com/2023/05/08/san-jose-alviso-hotel-covid-loan-buy-sell-build-economy-foreclose-tech/ > SAN JOSE — A San Jose project site intended to hold a new hotel — whose development future is murky due to coronavirus-linked economic woes — is now owned by a unit of the property’s lender after the formal completion of a real estate foreclosure. > The proposed hotel development — if built — would consist of 200 rooms and is located in North San Jose’s Alviso district near the Topgolf entertainment, dining and golfing hub.