{"id":1004052897,"date":"2012-04-24T09:33:09","date_gmt":"2012-04-24T17:33:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=42802"},"modified":"2022-12-08T23:29:01","modified_gmt":"2022-12-09T07:29:01","slug":"starwood-hotels-and-partners-detail-lofty-plans-for-cupertino","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\/","title":{"rendered":"Starwood Hotels and Partners Detail Lofty Plans For Cupertino"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

In a move that Starwood Hotels & Resorts Inc. hopes will capture the Silicon Valley\u2019s young, hip demographic, the company is bringing its Aloft select-service brand to Cupertino. Scheduled for an early 2013 opening, the 123-key hotel will be the third Aloft in the Golden State. \u00a0A joint venture of Shashi Corp. and Somera Capital Management L.L.C. will own the property, which will cost between $10 million and $20 million to build, according to MercuryNews.com.<\/p>\n

Starwood and its construction lender, Canyon\"\"<\/a> Capital Realty Advisors L.L.C., are eyeing opportunities created by the presence of technology giants like Apple, Hewlett Packard and IBM, as well as Santa Clara University, HP Pavilion and Winchester House. \u201cWe see opportunity in Cupertino because of the thriving job market and severe lack of hotel supply in the city,\u201d said Richard Bosworth, managing director of Canyon Capital, which provided the senior construction loan for the project. Elsewhere in the Bay Area, Starwood is re-branding a Clarion hotel near San Francisco International Airport as an Aloft property.<\/p>\n

Located on N. De Anza Boulevard between Stevens Creek Boulevard and Interstate 280, Aloft Cupertino will feature\u00a0 an indoor pool, 24-hour fitness center, a bar and 2,000 square feet of meeting space, plus the Aloft brand\u2019s signature loft-like guest rooms.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor
\nIn a move that Starwood Hotels & Resorts Inc. hopes will capture the Silicon Valley\u2019s young, hip demographic, the company is bringing its Aloft select-service brand to Cupertino. Scheduled for an early 2013 opening, the 123-key hotel will be the third Aloft in the Golden State. \u00a0A joint venture of Shashi […]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[],"class_list":["post-1004052897","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"acf":[],"yoast_head":"\nStarwood Hotels and Partners Detail Lofty Plans For Cupertino - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starwood Hotels and Partners Detail Lofty Plans For Cupertino\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor In a move that Starwood Hotels & Resorts Inc. hopes will capture the Silicon Valley\u2019s young, hip demographic, the company is bringing its Aloft select-service brand to Cupertino. Scheduled for an early 2013 opening, the 123-key hotel will be the third Aloft in the Golden State. \u00a0A joint venture of Shashi [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-24T17:33:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:29:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/Starwood3.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Starwood Hotels and Partners Detail Lofty Plans For Cupertino\",\"datePublished\":\"2012-04-24T17:33:09+00:00\",\"dateModified\":\"2022-12-09T07:29:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/Starwood3.jpg\",\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/starwood-hotels-and-partners-detail-lofty-plans-for-cupertino\\\/\",\"name\":\"Starwood Hotels and Partners Detail Lofty Plans For Cupertino - 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