The tower is a historic landmark and is one of the few remaining Zig Zag Moderne, or art deco, buildings in the city. It is currently being marketed as a boutique lifestyle asset; it was built in 1931 and was originally known as the De Anza Hotel. It was a popular destination for many years but fell into disrepair in the 1970s. The city of San Jose eventually acquired the property and renovated it in the 1980s. It was then rebranded as the Signia by Hilton San Jose.
The building consists of 805 rooms and is located in the heart of downtown San Jose. It is close to many of the city's attractions, including the SAP Center, the San Jose Convention Center, and the San Jose Museum of Art.
The tower is being sold by the current owner, Sam Hirbod. Hirbod said that he is selling the tower because he is ready to retire. He said that he has enjoyed owning the tower and that he is confident that it will be a successful investment for the new owner.
The marketing brochure states that the tower is a "prime investment opportunity" and that it is "one of the most desirable hotel properties in the San Jose market." Expected to sell for around $100 million. The buyer will likely be a real estate investment firm or a hotel operator.
