San Jose’s Hotel De Anza put on the market for first time in 25 years

US: The Hotel De Anza, a 100-room Art Deco hotel in downtown San Jose, California is for sale for the first time in a quarter of a century.

Owner Saratoga Capital has retained CBRE Hotels to market the 10-storey property at 233 W. Santa Clara St, which is expected to sell for up to $20 million – $175,000 to $200,000 per key.

Hotel De Anza was built in 1931 at a cost of $505,000, and has played host to famous guests including Eleanor Roosevelt, Jack Dempsey and Fred MacMurray. By the 1970s, it had fallen into disrepair and was described as “a dump” by San Jose mayor.

The San Jose Redevelopment Agency partnered with Saratoga Capital, a major San Jose landlord and investor, for a $10 million renovation which saw the hotel reopen in 1990.

www.hoteldeanza.com

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