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Home Finance Ashford’s 178-Key Hilton Santa Cruz/Scotts Valley Escalates to Court-Appointed Receivership Sale, Seven Years After $50MM Buy
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Ashford’s 178-Key Hilton Santa Cruz/Scotts Valley Escalates to Court-Appointed Receivership Sale, Seven Years After $50MM Buy

September 3, 20264 Mins read664
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Photo by Marten Bjork on Unsplash
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Ten months after the only full-service Hilton in Santa Cruz County was quietly put on the market following a mortgage default, the sale has moved under court supervision, and a receiver is now running the process on a 178-key asset that Ashford Hospitality Trust bought for $50 million at the top of the last cycle.

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