San Jose hotel tumbles into loan default in fresh lodging delinquency

San Jose hotel tumbles into loan default in fresh lodging delinquency

2 years ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2022/11/02/san-jose-hotel-loan-default-delinquent-foreclose-real-estate-covid/

SAN JOSE — A San Jose hotel located near local tech hubs has toppled into a loan default, marking the second hotel property in the South Bay city to face foreclosure due to delinquency on its financing.

The fresh bout of mortgage defaults suggests that the economic aftereffects of the coronavirus outbreak may still afflict segments of the battered lodging industry in the Bay Area.