FREMONT — A hotel in Fremont has been bought by a big investor that also has grabbed a hotel in San Francisco, fresh evidence that Bay Area lodgings still command buying interest despite coronavirus-spawned uncertainties.
Hilton Garden Inn Fremont Milpitas has been bought for $38.9 million by an affiliate of AWH Partners, according to documents filed on Sept. 10 with the Alameda County Recorder’s Office.
The purchase suggests that property buyers see a long-term upside in key hotel sites once the economic woes linked to the deadly bug have begun to recede.
New York City-based AWH Partners, acting through its affiliate FO Fremont Property, bought the hotel in an all-cash deal, the county records show.
The hotel totals 145 rooms, according to a representative of the lodging, which is located at 45976 Warm Springs Blvd. in Fremont.