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The seizure of a downtown San Jose hotel in a foreclosure offers disquieting signs for the Bay Area lodging market.

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An iconic San Jose hotel has been seized by its lender in a foreclosure that priced the tower at a fraction of its value, a gloomy sign that lodging woes still haunt the city's fragile downtown. The ...

This summary is reviewed by TRD Staff. A group led by Sam Hirbod lost the Signia by Hilton San Jose hotel to foreclosure after failing to pay a $134 million loan to BrightSpire Capital.