JLL's Hotels & Hospitality Group arranged the sale of the Holiday Inn San Jose to Aju Hotels and Resorts.
A division of a Korean conglomerate, Aju Hotels and Resorts is seeking to expand its presence in the United States. This purchase represents Aju's second in the country, and the firm expects to make additional purchases in the near future. The seller, Pacifica Companies, is a privately-owned San Diego based real-estate firm.
The 354-key hotel is located near the Mineta San Jose International Airport, and has recently-renovated guestrooms, 12,000 square feet of meeting and event space, a full-service restaurant, lounge and an outdoor pool. Alliance Hospitality will manage the property, its first full-service hotel in California.
Managing director John Strauss and SVP Mark Fraioli led the JLL team on the transaction.