https://www.siliconvalley.com/2023/05/01/san-jose-hotel-develop-build-foreclose-real-estate-covid-economy-tech/

SAN JOSE — A foreclosure auction has cleared the way for a South Korea-based group to take ownership of a San Jose site where a hotel with hundreds of rooms has been approved — yet never built.

The hotel development property was bought for $27.6 million by the owner of the foreclosed loan, a group operating out of South Korea, after a brief public auction that was held in downtown San Jose on April 26.