In another blow to Oakland’s tourism industry, the largest hotel in the city’s downtown is defaulting on its loan. The owners ...

Downtown Oakland is “the heart of the East Bay” and a celebrated cultural hub for art, social innovation and unique expression. Crime and safety concerns, however, have plagued the area in 2024.

Hong Kong-based Gaw Capital bought the downtown Oakland hotel via an affiliate in 2017 for $143 million. The financial woes that have engulfed the Oakland City Center Marriott are the latest ...