Radisson Oakland Airport Hotel’s value plummets 70%, dropping from $75 million to $15 million.
The Radisson Oakland Airport hotel’s valuation has drastically declined by 70%, dropping from $75 million in January 2018 to just $15 million by October 2024. This significant decrease raises serious concerns about the property’s financial stability. A recent appraisal indicates that the new valuation covers only about half of the $28.2 million commercial mortgage-backed securities …