Sunnyvale hotel lands big real estate buyer amid lodging market woes
https://www.siliconvalley.com/2022/11/01/sunnyvale-hotel-buy-real-estate-lodging-market-woes-covid-47-million/
SUNNYVALE — A Courtyard by Marriott hotel in the South Bay has been bought by a major real estate player for nearly $50 million in a deal that shows some interest in the lodging market despite coronavirus-linked woes.
Blackstone Real Estate, acting through an affiliate, has bought the hotel, paying $47 million, according to documents filed on Oct. 31 with the Santa Clara County Recorder’s Office.
Sunnyvale hotel lands big real estate buyer amid lodging market woes
Nov 1, 2022, 5:35pm UTC
https://www.siliconvalley.com/2022/11/01/sunnyvale-hotel-buy-real-estate-lodging-market-woes-covid-47-million/
> SUNNYVALE — A Courtyard by Marriott hotel in the South Bay has been bought by a major real estate player for nearly $50 million in a deal that shows some interest in the lodging market despite coronavirus-linked woes.
> Blackstone Real Estate, acting through an affiliate, has bought the hotel, paying $47 million, according to documents filed on Oct. 31 with the Santa Clara County Recorder’s Office.