Atlas Hospitality Acquires Newark Hotel for $12 Million Amid Bay Area Market Trends

Stay Cal Hospitality, an affiliate of Atlas Hospitality, purchased The Courtyard Newark Silicon Valley hotel in Newark for $12 million. The hotel was sold by Cobby Pourtavosi, who had acquired it after it entered receivership due to financial issues related to Ashford Hospitality. The purchase was financed by $13.2 million from Commercial Bank of California.

Atlas Hospitality noted that the Bay Area hotel market has been experiencing sales at very low prices. The $12 million sale price equates to roughly $66,200 per room, which is 39.4% below the median price per room in Northern California in 2025, according to Atlas Hospitality.

Atlas Hospitality Group is tracking the lodging market in San Jose.