![]() “This hotel has good prospects,” Reay said. And lenders might turn queasy about financing commercial real estate projects, including hotels. If the job market sours and the economy falters, business and leisure travelers could slash their trips. Plenty of possible hazards confront the project. “We’re just trying to get some initial feedback on height and density and what the city would like to see there,” said Bill Ryan, senior vice president for development. Swenson filed a preliminary application near the end of June with San Jose city planners. “As bad as things were in 20, things have come way back for the hotel market in Silicon Valley,” said Alan Reay, president of Atlas Hospitality Group, which tracks the hotel market. ![]() The proposal, by veteran developer Barry Swenson Builder, is a new indication that realty companies are confident the employment boom and the economy in Silicon Valley have solid staying power. The planned 24-story hotel would be built on North Fourth Street just west of the interchange of Highway 101 and Interstate 880, not far from Mineta San Jose International Airport. SAN JOSE - In a fresh indicator of the region’s bustling economy, a hotel that would be one of San Jose’s tallest buildings is being considered for a site north of downtown.
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