Upscale

Upscale Menlo Park hotel is seized in foreclosure

MENLO PARK — An upscale Menlo Park hotel whose owners had defaulted on a property loan has been seized through foreclosure of its loan, a grim new entry in the catalog of lodging industry woes during the coronavirus era.

Park James Hotel, located at 1400 El Camino Real near downtown Menlo Park, is now owned by an affiliate of a Midwest firm whose specialties include the purchase of delinquent property loans, according to documents filed on Feb. 4 with San Mateo County officials.

The hotel’s owners had become delinquent on a loan issued in 2019 by Employees Retirement Plan of

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Upscale Silicon Valley hotel topples into loan default

MENLO PARK — An upscale hotel next to downtown Menlo Park has toppled into default on its mortgage, fresh evidence of the challenges facing the embattled lodging sector in the Bay Area.

Park James, a small boutique hotel in Menlo Park, has been threatened with seizure by its lender because the loan payments for the property are delinquent, according to documents filed in San Mateo County.

The hotel has 61 rooms, was constructed in 2017, and opened in 2018 by its developer and principal owner, a Bay Area group, according to county and state business records.

Park James appeals primarily

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