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