Colliers represents seller in sale indicating investor confidence in Bay Area
“This sale was a vote of confidence from institutional buyers that there is value in the Silicon Valley market, even during a time when corporate travel is far and few between,” said Patel. “The Silicon Valley has been one of the worst performing hotel markets in the country during the pandemic. That being said, there is a lot of capital currently chasing deals in Silicon Valley as there is very little fear that this market won’t rebound back to one of top markets post-pandemic.”
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Allison + Partners for Colliers
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