San Jose hotel development site faces foreclosure after loan default

San Jose hotel development site faces foreclosure after loan default

2 years ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2022/10/28/san-jose-alviso-hotel-develop-real-estate-default-foreclose-covid-tech/

SAN JOSE — A San Jose hotel development site where hundreds of rooms could sprout has tumbled into a loan default and faces foreclosure, a grim turn of events that leaves the project’s future murky.

As currently approved, the proposed hotel could bring 200 rooms to north San Jose’s Alviso district, according to plans on file with city officials. The hotel also was expected to contain 15,400 square feet of retail.

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