Home Finance 112-Room Hyatt Place Newark/Silicon Valley Hotel Returned to Lender in $25.8MM Transaction
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112-Room Hyatt Place Newark/Silicon Valley Hotel Returned to Lender in $25.8MM Transaction

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By The Registry Staff A newly built Newark hotel has been seized by its lender following a loan default, underscoring the financial challenges facing the Bay Area's hospitality sector as property values tumble and financing pressures mount. According to a report from SiliconValley.com, the State Bank of Texas took ownership of the 112-room Hyatt Place […]

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