Sunnyvale hotel lands big real estate buyer amid lodging market woes

Sunnyvale hotel lands big real estate buyer amid lodging market woes

2 years ago
Anonymous $_PGtSJbg8h

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.

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