Foreclosures, Defaults Jolt Hotel Deals in Bay Area, California

Foreclosures, defaults jolt hotel deals in Bay Area, California

Foreclosures and failed property loans this year have made an impact on hotel purchase deals in both the Bay Area and California, a new report shows. Weakening values have also caused hotel development activity to nosedive. Signia by Hilton San Jose hotel at 170 South Market Street in downtown San Jose, as pictured on June 25, 2024. (George Avalos/Bay Area News Group) “California individual hotel sales continue to lag,” Alan Reay, president of A…

Foreclosures, defaults undermine hotel deals in Bay Area, California

Foreclosures and failed property loans this year have made an impact on hotel purchase deals in both the Bay Area and California, a new report shows. Weakening values have also caused hotel development activity to nosedive. Signia by Hilton San Jose hotel at 170 South Market Street in downtown San Jose, as pictured on June 25, 2024. (George Avalos/Bay Area News Group) “California individual hotel sales continue to lag,” Alan Reay, president of A…

California Hotel Market Shows Mixed Signals in First Half as Foreclosure Sales Drove Activity - The Registry

Transaction volume declines while dollar values rise amid continued buyer-seller disconnect California’s hotel sales market presented a complex and often contradictory picture in the first half of 2025, with fewer transactions but higher total dollar volumes driven significantly by distressed property sales, according to Atlas Hospitality Group’s comprehensive mid-year survey released this week. The state […] The post California Hotel Market Sho…