SAN JOSE — In a sign of ongoing weakness within the Bay Area hotel market, a San Jose hotel has been bought by a local real estate investment group for far less than the property’s prior value.

Sonesta Select San Jose Airport was purchased for $14 million, according to documents filed on Aug. 29 with the Santa Clara County Recorder’s Office.

A San Mateo-based group headed up by Jayesh Keshav, Leena Keshav, Neeraj Keshav, Jai Jalaram, and Krishna Keshav Patel bought the hotel through an affiliate, state business records show.

The new ownership group also landed $11.9 million in financing from Tasi Bank, according to county real estate records.

The purchase comes at a time when the Bay Area hotel market is reeling from an array of problems, including a post-coronavirus hangover, expiring

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