Big San Jose hotel tower attracts new lender in bid to avoid foreclosure

Big San Jose hotel tower attracts new lender in bid to avoid foreclosure

2 weeks ago
Anonymous $YuzhA528Wi

https://www.siliconvalley.com/2025/01/10/san-jose-hotel-property-loan-real-estate-business-travel-economy-covid/

SAN JOSE — The owner of a bankrupt downtown San Jose hotel has found a lender willing to provide fresh financing that would replace the lodging tower’s existing main loan, court papers show.

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The Signia by Hilton San Jose, an iconic hotel tower in the downtown’s hip and trendy SoFA district, has found a lender that’s willing to provide a $145 million loan to refinance the current mortgage on the property, according to a Jan. 8 filing with a U.S. Bankruptcy Court in Delaware.