San Jose’s largest hotel may hit the market, becoming a test for downtown rebound

WITH SIGNIA BY HILTON SAN JOSE seemingly set to be put on the market, questions are swirling about the future of San Jose’s largest hotel — and what it will mean for downtown.

BrightSpire Capital, the owner of the 541-room hotel at 170 S. Market St., signaled to investors in a recent sales call that the hotel could be put up for sale within the coming months, The Mercury News reported. The news comes just under a year after the firm acquired the property in a foreclosure transaction that was seen as a troubling sign for the downtown real estate market.