Lowe Enterprises buys Hotel De Anza in downtown San Jose

Lowe Enterprises Investors has acquired the 100-room Hotel De Anza in San Jose, Calif., for an undisclosed price, but one that a source told the Silicon Valley Business Journal was possibly in the range of of around $22 million or $220,000 per key.

Destination Hotels, an affiliate of Lowe and a major hotel operator of properties around the world, will take over the hotel management but will continue to operate the property as an independent, boutique hotel.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.