A downtown San Jose hotel tower is up for sale, a potential deal that has attracted numerous buyers and could lead to a shift in uses at the property.
SAN JOSE — A landmark downtown San Jose hotel tower is up for sale, a potential deal that has attracted numerous prospective buyers and could lead to a shift in uses at the property, which is deemed to be prime real estate.
If the sale goes through, the current hotel operation would be completely focused in the northern tower of the Signia by Hilton San Jose. Guests who stay in the Signia are being lodged in the newer south tower while crews complete the renovations in the north tower. “What is being looked at for the south tower that’s up for sale is more of a residence idea, longer-term stays than a typical hotel,” Hirbod said. “People would stay for a month, 180 days, a year. It would be like a corporate apartment concept.”
An approach that differs from a conventional big hotel could work in the south tower, said Alan Reay, president of Irvine-based Atlas Hospitality Group, which tracks the lodging sector.
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