#2,761 - Oakland's largest downtown hotel owner faces fin...

What this episode covers

In another blow to Oakland’s tourism industry, the largest hotel in the city’s downtown is defaulting on its loan.The owners of the Oakland Marriott City Center, a 500-room hotel on Broadway, defaulted on its $100 million loan from Invesco CMI Investments, putting the property at risk of foreclosure, according to the Mercury News, citing Alameda County public records filed earlier this month. Gaw Capital, based in Hong Kong, purchased the hotel in 2017 for $143 million.

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How long is this episode of News For Reasonable People?

This episode is 20 minutes long.

When was this News For Reasonable People episode published?

This episode was published on February 26, 2025.

What is this episode about?

In another blow to Oakland’s tourism industry, the largest hotel in the city’s downtown is defaulting on its loan.The owners of the Oakland Marriott City Center, a 500-room hotel on Broadway, defaulted on its $100 million loan from Invesco CMI...

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