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Hilton Scotts Valley Sees 27% Value Cut as $21.7MM CMBS Loan Defaults at Maturity
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Hilton Scotts Valley Sees 27% Value Cut as $21.7MM CMBS Loan Defaults at Maturity
The 178-room hotel in the Santa Cruz Mountains has struggled to cover debt service for much of the past decade, and its loan has now transferred to special servicing. The Hilton Santa Cruz/Scotts Valley, a 178-room full-service hotel nestled in the redwood-lined foothills of the Santa Cruz Mountains, is facing a significant financial reckoning after […] The post Hilton Scotts Valley Sees 27% Value Cut as $21.7MM CMBS Loan Defaults at Maturity ap…
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