A South Bay Motel 6 site has been bought by Texas-based real estate investors, part of a widening sell-off by a private equity firm of its lodging properties.
SAN JOSE — A Motel 6 property in the South Bay has been bought by Texas-based real estate investors, a deal that extends a private equity firm’s sales of its lodging sites.
Budget hotel brands have typically outperformed full-service hotels that are geared toward business travelers and convention events, which took an economic hit from coronavirus-related shutdowns and restrictions. — Motel 6 at 3208 El Camino Real in Santa Clara, 100 rooms, bought for $13.5 million on July 7. The buyer was a Texas-based group led by Jagmohan Dhillon, principal executive with DMC Hotels and Dhillon Management.
— Motel 6 at 1240 Camden Ave. in Campbell, 19 rooms, bought for $7.8 million on May 20. The buyer was San Francisco-based Ambika Enterprises, headed up by Devendra Patel.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
El Halal Amigos in San Jose brings sizzling Halal-Mexican cuisine to the Bay AreaChef Hisham Abdelfattah has brought the first Halal-Mexican restaurant to the Bay Area.
Weiterlesen »
San Jose airport tops 1 million passengers for two straight months in COVID recoverySan Jose International Airport has extended its rebound from coronavirus-spawned economic woes by handling more than 1 million passengers in June.
Weiterlesen »
Off-duty San Jose police officer arrested for DUI, department saysAn off-duty San Jose police officer was arrested on suspicion of drinking and driving after he collided with another vehicle, the department said.
Weiterlesen »
San Jose judge orders no bail for Baby Brandon kidnapping suspectsTwo suspects accused of kidnapping a baby from an apartment in San Jose earlier this week will remain in custody after a judge ordered no bail in court Friday.
Weiterlesen »
Defendants in San Jose Baby Brandon kidnapping case plead guiltyThe two people accused in the April kidnapping of a three-month-old San Jose toddler pleaded guilty Tuesday, prosecutors said.
Weiterlesen »
Suspects accused of kidnapping San Jose 3-month-old plead guilty to chargesSuspects Yesenia Ramirez and Jose Roman Portillo pleaded guilty to charges in the kidnapping 3-month-old Brandon Cuellar in San Jose.
Weiterlesen »