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CUPERTINO, CALIF. — The 164-room Hilton Garden Inn in Cupertino has received $32 million in financing. The hotel is located at 10741 North Wolfe Road.
Employers in the area include Trend Micro, Cloud.com and Seagate Technology. The limited-service hotel is also situated near the new Main Street Cupertino development and the Vallco Mall redevelopment.
The fixed-rate, permanent financing was arranged by John Nelson of CBRE’s San Francisco office, on behalf of a partnership between Terracommercial and Heil and Associates. Funds were provided by a Wall Street lender. They will be used to refinance the property.