East Bay hotel foreclosed in blow to Bay Area lodging market

East Bay hotel foreclosed in blow to Bay Area lodging market

PLEASANT HILL — Hyatt House Pleasant Hill was bought through a court-ordered receivership as part of a nationwide portfolio of hotels whose loans had failed, according to public documents filed in a federal court in New York. The 142-room East Bay hotel is tied to a $204 million loan that financed 22 hotels across the country, documents show. Related Articles Changes eyed for part of exterior of 19th-century San Jose church …

Mount Street U.S. Acquires 142-Room Hyatt House Pleasant Hill in Portfolio Deal Via Deed in Lieu of Foreclosure - The Registry

By The Registry Staff Another Bay Area hotel was recently acquired through a foreclosure sale. The Hyatt House Pleasant Hill, a 142-room hotel in Pleasant Hill, has been acquired through a court-ordered receivership. The transaction was part of a larger, nationwide portfolio of hotels whose loans had failed, according to public property records. Earlier this […] The post Mount Street U.S. Acquires 142-Room Hyatt House Pleasant Hill in Portfolio …