A big hotel in San Jose has received multiple financial boosts from its lender this year, hopeful indicators for the lodging facility
SAN JOSE — A big hotel in San Jose has received multiple financial boosts from its lender this year, hopeful indicators that the lodging facility has begun to recover from coronavirus-linked economic woes.
“Our lender recognized the great amount of equity that we have and continue to build in the Signia,” Hirbod said in an interview with this news organization. “This is why they increased the loan sizes a couple of times.” The 805-room hotel reorganized its finances through the bankruptcy proceeding and reopened in April 2022, rebranding as a Signia by Hilton hotel.
In June 2023, the loan was modified for a second time, reaching a new amount of $193.4 million, which was 4.5% higher than the original loan amount.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Roku slashes San Jose office space, seeks to sublease two big buildingsRoku has decided to slash its office footprint in San Jose as it seeks to sublease two big office buildings at its headquarters campus.
Les mer »
San Jose hotel development site is seized in real estate foreclosureLenders have seized through a real estate foreclosure a San Jose site where a hotel was proposed but never built.
Les mer »
Second pedestrian in San Jose hit and killed in just under 24 hoursA second pedestrian has been hit and killed by a vehicle in San Jose in just under 24 hours.
Les mer »
Man hit, killed by vehicle in East San Jose; 3rd pedestrian fatality in 5 daysFor the third time in five days, a pedestrian was hit and killed by a vehicle in San Jose Tuesday morning.
Les mer »
Symphony San Jose concert heads for fanciful terrainLed by acclaimed Russian conductor Lidiya Yankovskaya, the orchestra presents ‘Myths, Fairy Tales, and Legends.’
Les mer »
Strike at dialysis clinics in Brentwood, Gilroy and San Jose enters 2nd dayTuesday is day two of a strike by more than 500 dialysis caregivers over what they say are unfair labor practices at their clinics.
Les mer »