A wobbly lodging operator will surrender ownership of 19 hotels nationwide — including four in the East Bay — as a way to curb worsening debts.
OAKLAND — A wobbly lodging operator will surrender ownership of 19 hotels nationwide — including four in the East Bay — as a way to curb worsening debts, a grim new indicator of ongoing post-COVID hospitality ailments.
The East Bay hotels that Ashford Hospitality Trust will return to lenders are Courtyard by Marriott Oakland Airport in Oakland, Courtyard Newark Silicon Valley in Newark, Residence Inn San Jose Newark in Newark, and Embassy Suites Walnut Creek in Walnut Creek.
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