Big San Jose hotel seeks fresh financing to replace shaky real estate loan

Big San Jose hotel seeks fresh financing to replace shaky real estate loan

2 months ago
Anonymous $3GYXp5b5Gs

https://www.siliconvalley.com/2024/10/18/san-jose-hotel-economy-property-real-estate-build-travel-develop-loan/

SAN JOSE — The owner of a big San Jose hotel has crafted a plan to land a crucial round of financing for the lodging tower — even as the current lender threatens to foreclose on the its loan for the iconic property.

The financing maneuvers involve the highrise Signia by Hilton San Jose, a 541-room hotel at 170 South Market Street in downtown San Jose.