SAN JOSE, CA—The Dow Hotel Company (DHC), in a joint venture with an institutional investor, has acquired the 354-room Holiday Inn San Jose–Silicon Valley here for an undisclosed amount. DHC will operate the hotel and oversee an approximately $15-million renovation to upgrade the restaurant, exterior and entrance, as well as certain guestroom improvements.
“With its vibrant economy and numerous business and leisure demand generators, Silicon Valley continues to command some of the highest rates in the country,” said Murray L. Dow II, founder and president, DHC. “With our extensive experience in the Bay Area, we are confident the hotel will benefit from a capital influx and improved management and marketing systems as it regains its rightful place as the market and segment leader.”
Located at 1350 North 1st St., the Holiday Inn San Jose – Silicon Valley is about a mile from San Jose International Airport and proximate to San Francisco, Santa Cruz, Levi Stadium and the Pacific Coast Highway.
Guestrooms have luxury bedding and an enhanced bath experience. The hotel has an outdoor pool, recently renovated and expanded fitness center and on-site laundry. The hotel also has nearly 13,000 sq. ft. of flexible meeting space, including a 10,220-sq.-ft. ballroom for up to 1,200 people, as well as a restaurant, featuring California cuisine for breakfast, lunch and dinner. There’s also a lobby lounge and outdoor fire pits.
Highlights of the $15-million refurbishment include relocating and creating an upscale restaurant and lounge, as well as reimagining the ninth floor as concierge level with lounge. Additionally, the hotel’s exterior will be enhanced for better curb appeal, ease of entrance and allow for more service to use, according to the company.
“This multimillion-dollar renovation will bring the hotel to like-new status, making it one of only two upper-upscale, full-service hotels in the marketplace,” Dow noted. “With its large room count and ample meeting space, the hotel is ideal for gatherings of virtually all sizes, from small family getaways to hosting larger scale sports team playing in the area.”