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Oakland Marriott Sold for $70.2M Amid Hospitality Challenges

7/14/2025

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Summary

Story summary

The Oakland Marriott City Center in California has changed hands for $70.2 million, a stark reminder of the challenges facing the Bay Area's hospitality sector. In other news, Australia’s central bank has halted rate cuts, while Bain Capital divested $80 million in India’s Embassy REIT. South Korea is also gearing up for a pension system overhaul to boost investment returns.

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Story summary

The Oakland Marriott City Center in California has changed hands for $70.2 million, a stark reminder of the challenges facing the Bay Area's hospitality sector. In other news, Australia’s central bank has halted rate cuts, while Bain Capital divested $80 million in India’s Embassy REIT. South Korea is also gearing up for a pension system overhaul to boost investment returns.