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Listen "Bay Area Hotel Troubles: Foreclosures and Failed Loans"
Episode Synopsis
Bay Area hotel apocalypse? A massive San Jose hotel complex faces foreclosure after a recent $21 million loan default, mirroring a wave of financial woes hitting hotels across the region. From Oakland Marriott's seizure to San Francisco's landmark hotel fire sales, rising interest rates and valuation gaps are slamming California's hotel industry, freezing sales and sparking uncertainty. Is this just the beginning? Hosted on Acast. See acast.com/privacy for more information.
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