FREMONT — A prominent Bay Area hotel, the Fremont Marriott Silicon Valley, has flopped into a $38 million-plus mortgage default, brutalized by a sour economy and feeble lodging market.
AEW Fremont LLC, the owner of the Marriott Hotel in Fremont, located on Landing Parkway next to Interstate 880, defaulted on the loan Sept. 17. The now-delinquent financing was provided in May 2007 by AIG Annuity Insurance Co., a unit of failed insurer American Insurance Group, commonly called AIG.
Read more:
