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1727 Technology Drive Property Owner Acquires Hotel From Chris Bilotto For $14M In San Jose

Property Image
SOLD
$14,000,000

California

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Hotel
Sold 09/05/2025
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Property Image
SOLD

1727 Technology Drive Property Owner Acquires Hotel From Chris Bilotto For $14M In San Jose

1727 Technology Drive

See Similar Deals
Hotel
Sold 09/05/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale

The asset involved in this transaction is a hotel located at 1727 Technology Drive in San Jose. The sale price of the hotel was $14,000,000. The property, known as the Sonesta Select San Jose Airport hotel, features 151 rooms, with a price per key of $92,715.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $14,000,000
  • Buyer: 1727 Technology Drive Property Owner
  • Seller: Chris Bilotto - Service Properties Trust
  • Market: San Jose
  • Keys: 151
  • PPK: $92,715

Seller Service Properties Trust, managed by The RMR Group, is divesting 114 hotels for a total of $920M to reduce debt and refocus on urban and leisure assets.

Players

Chris Bilotto
Service Properties Trust
Chris Bilotto
5 deals$562.6M volume
SELLER
Service Properties Trust
Service Properties Trust
SELLER

Details

SOLD
IMAGE: Chris Bilotto DATE: 09/05/2025 ADDRESS: 1727 Technology Drive MARKET: San Jose ASSET TYPE: Hotel BUYER: 1727 Technology Drive Property Owner SELLER: Chris Bilotto - Service Properties Trust SALE PRICE: $14,000,000 KEYS: 151 ~ PPK: $92,715 NOTE: A San Mateo-based firm bought the 151-room Sonesta Select San Jose Airport hotel at 1727 Technology Drive for $14M, per county records. Seller Service Properties Trust, managed by The RMR Group, is offloading 114 hotels for $920M to pay down debt and refocus on urban and leisure assets.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71