San Jose hotel along transit line is bought amid feeble lodging market

  • 📰 mercnews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A hotel along a light rail line in San Jose has landed local buyers.

SAN JOSE — A hotel along a light rail line in San Jose has landed local buyers, a reminder that some hotel sales are being completed in the face of a feeble Bay Area lodging market.

The San Jose-based ownership group, which operates as District Eleven LLC, bought the property through an all-cash deal, the county records show. Of the two hotels that were bought in Santa Clara County, one was the Arena Hotel, which was purchased for $22.9 million, Atlas Hospitality reported. This purchase was part of a process to convert the building into a lodging for homeless individuals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines