""It's still a beautiful property. It should be one of the crown jewels of downtown. How do you ensure that the new owner is going to sign on with the greater economic development goals of our downtown and not just strip all the profit out of it and leave downtown with another gaping hole?""
""The hotel, which has stood as one of downtown's most recognizable landmarks for decades, has faced a series of turbulent years since the waves of economic distress unleashed by the COVID-19 pandemic.""
BrightSpire Capital is considering selling the Signia by Hilton San Jose, the largest hotel in the area. This potential sale follows its acquisition in a foreclosure transaction, raising concerns about the future of downtown San Jose. Experts believe the sale could significantly influence the post-COVID economic recovery of the area. There are worries that a new owner might prioritize profit over community development, potentially harming the downtown landscape and its economic goals.
Read at San Jose Spotlight
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