Loan default jolts East Bay hotel in grim sign of frail lodging market

Newark hotel faces foreclosure after loan default

NEWARK — A Hyatt Place hotel in Newark is in default on its loan and faces foreclosure if the property’s owner is unable to pay off the loan in full, according to documents filed on Monday with the Alameda County Recorder’s Office. Related Articles VTA scouts for tenants for agency’s new downtown San Jose HQ San Jose rejects tower project near Valley Fair that residents called a ‘monstrosity’ San J…

Loan default jolts East Bay hotel in grim sign of frail lodging market

NEWARK — A loan delinquency has jolted a big East Bay hotel, a mortgage default that serves up fresh evidence of the feeble state of the Bay Area lodging market. A Hyatt Place hotel in Newark is in default on its loan and faces foreclosure if the property’s owner is unable to pay off the loan in…