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

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

https://www.mercurynews.com/2020/10/19/silicon-valley-hotel-default-loan-coronavirus-slump-real-estate-tech/

Sunnyvale hotel, Mountain View hotel, fall behind on mortgage

Wild Palms Hotel, a 208-room hotel at 910 E. Fremont Ave. in Sunnyvale. Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence of the prospect that the economic woes unleashed by the coronavirus may widen.

Hotel Avante, a Mountain View hotel with 91 rooms located at 860 E. El Camino Real. Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence of the prospect that the economic woes unleashed by the coronavirus may widen.

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