San Jose hotel along transit line is bought amid feeble lodging market
SAN JOSE — A hotel along a light rail line in San Jose has landed local buyers, a reminder that some hotel sales are happening even in the face of ...
SAN JOSE — A hotel along a light rail line in San Jose has landed local buyers, a reminder that some hotel sales are happening even in the face of a feeble Bay Area lodging market. Caravelle Inn & Suites, a hotel at 1310 North First Street, was purchased for $3.8 million, according to documents filed on Sept. 2 with the Santa Clara County Recorder's Office. The 50-room, two-story hotel is near the interchange of Interstate 880 and North First Street. The San Jose-based ownership group, which operates as District Eleven LLC, bought the property through an all-cash deal, the county records show.