Park Hotels & Resorts Announces Cessation of Payment on $725MM Non-Recourse CMBS Loan Secured...
TYSONS, Va., June 05, 2023 -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725...
Throckmorton Partners Buys Signia by Hilton’s 264-Room South Tower in San Jose for $73MM
By Kate Snyder
One of the city’s hotel properties has traded hands in a deal that includes the asset becoming new student housing for San Jose State University. Throckmorton Partners...
Monarch Bay Shoreline Project in San Leandro Advanced in City’s Design Review Process
By Jack Stubbs
San Leandro recently saw a large-scale development make significant strides in the city’s design review process. In early June, the City Planning Commission recommended that San Leandro...
Half Moon Bay Lodge Trades Hands for $22.75MM
By Meghan Hall
The Half Moon Bay Lodge, an 80-key hotel located less than a mile from the coast, has sold as travel begins to resume. In a deal that...
Report: California Sees Record Number of Hotel Developments in 2021 Despite Rising Construction Costs
By Catherine Sweeeney
California’s hotel industry ended the 2021 year on a positive note, with a new record high of hotels opening across the state. According to a year-end hotel...
Proposed 214-Key Hotel in San Jose Makes Entitlements Progress
By Meghan Hall
The Alviso Hotel--a new project pitched by TNT Land Development Services and Terra Hospitality--is making progress. The project was originally proposed at the end of 2019, and...
San Jose’s Wingate by Wyndham Trades for $21MM, Will Switch to Hampton Inn
By Vladimir Bosanac
Even as hotel property sales across the state of California slide this year form a record year in 2021, hotel sales across Northern California continue to trickle...
Sky Hotels Buys 89-Room Hotel in Lodi for $15MM
By Jon Peterson
Chowchilla, Calif.-based Sky Hotels has closed on the acquisition of the 89-room Holiday Inn Express in Lodi. The final purchase price was $15.35 million, or $172,471 per door,...
North Star’s 132-Room Hotel Redevelopment Site in San Jose Purchased for $5.5MM
By The Registry Staff
After falling into foreclosure and then later returned to the lenders, a once proposed hotel site in San Jose, located at 1510 South De Anza Boulevard,...
3.2-Acre San Jose Site Once Proposed for Hotel Development Slated for Foreclosure Auction
By Kate Snyder
Another hotel redevelopment site in San Jose’s Alviso district has fallen into foreclosure and is scheduled to be sold at auction later this month.
Mirae Asset, one of...
