Boardwalk Investments Group Secures $245MM Financing for Mixed California Portfolio
IRVINE, Dec. 14, 2022 – JLL Capital Markets announced today that it has closed a $245 million portfolio financing for an iconic Napa Valley hotel property; three, Class A...
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...
Monarch Alternative Capital Acquires Yotel San Francisco for $62MM
By Kate Snyder
A San Francisco hotel that had fallen into foreclosure was snapped up by a firm based in New York earlier this year.
An entity affiliated with Monarch Alternative...
Urban Catalyst Going Vertical on 176-Unit Marriott TownePlace Suites, Downtown San Jose’s First Extended-Stay...
Construction of Marriott TownePlace Suites officially underway as demand for extended-stay hotels in local market reaches pre-Covid peak
SAN JOSE, Calif.--Urban Catalyst, Silicon Valley’s most active Opportunity Zone Fund, has...
Choice Hotels Launches Hostile Takeover Offer for Wyndham Hotels
By The Registry Staff
Choice Hotels has escalated its pursuit of Wyndham Hotels & Resorts by initiating a hostile takeover offer. After repeated unsuccessful attempts to strike a deal through...
Monarq Explores Office-to-Hotel Conversion for 70,000 SQFT Building in Oakland
By The Registry Staff
Oakland-based Monarq, Inc. recently submitted a preliminary application for the potential conversion of 1624 Franklin St., a 70,000 square foot Class B office building, into a...
Ashford Hospitality Plans to Surrender 19 Hotels to Lenders, 8 Are Located in California
By Vladimir Bosanac
Dallas-based Ashford Hospitality Trust Inc. is planning to surrender 19 hotels across the country to its lenders. The company announced last week that it has decided against...
T2 Hospitality Secures $102.9MM in Bridge Financing for Two Sunnyvale Hotels Totaling 350 Rooms
By The Registry Staff
Two Silicon Valley hotels have secured more than $100 million in financing. The borrower is T2 Hospitality, and the properties in question are the AC Hotel...
NBC Bay Area: San Francisco Looks to Give UN Plaza a Family-Friendly Makeover
San Francisco's U.N. Plaza has unfortunately turned into a hub for illicit activities, commonly perceived as an open-air drug market where individuals congregate to buy, sell, and consume drugs...
Clayton Korte Transforms Fulldraw Vineyard through Multiphase Project
By Bekka Wiedenmeyer
Located in the center of Central Coast wine country in Paso Robles, Calif. is Fulldraw Vineyard, a 100-acre property nestled in the natural maritime setting of the...
