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Real Estate/Development

Jul. 15, 2003

Cautious Investment In a Down Market

BY OLIVIA LOY CREJ Staff Writer Now that the dot-com lifeblood of the San Jose region has run cold, the promise of new hotel construction is all but dead.

BY OLIVIA LOY
CREJ Staff Writer

Now that the dot-com lifeblood of the San Jose region has run cold, the promise of new hotel construction is all but dead.

However, some developers are turning their attention to hospitality ventures that burnish existing properties in hopes of capturing a larger share of the shrunken market.

In the city of Campbell, neighbor to San Jose and Los Gatos, the Pruneyard Inn hotel is one example. It is undergoing ...

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