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FinanceHospitalityINDUSTRY news
Ashford’s 178-Key Hilton Santa Cruz/Scotts Valley Escalates to Court-Appointed Receivership Sale, Seven Years After $50MM Buy
Ten months after the only full-service Hilton in Santa Cruz County was quietly put on the market following a mortgage default, the sale...
FinanceHospitalityINDUSTRY news
Hilton Scotts Valley Sees 27% Value Cut as $21.7MM CMBS Loan Defaults at Maturity
The 178-room hotel in the Santa Cruz Mountains has struggled to cover debt service for much of the past decade, and its loan...
