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Two Silicon Valley hotels default on loan amid coronavirus-linked lodging slump

Two Silicon Valley hotels default on loan amid coronavirus-linked lodging slump

3 years ago
Anonymous $rxtAWepgzY

https://www.siliconvalley.com/2020/10/19/silicon-valley-hotel-default-loan-coronavirus-slump-real-estate-tech/

SUNNYVALE — Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence that the economic woes unleashed by the coronavirus may widen.

A mortgage on the hotels, one in Sunnyvale and one in Mountain View, has landed in default and could be foreclosed, public documents filed in September in Santa Clara County show.