ORACLE ENTERS HOSPITALITY WITH FIRST HOTEL

ORACLE ENTERS HOSPITALITY WITH FIRST HOTEL


 

ORACLE ENTERS HOSPITALITY WITH FIRST HOTEL

October 03, 2016

 

Oracle has bought the Marriott Hotel in San Mateo for $132M as part of its expansion into hospitality. It also will use the space to train direct-sales staff.

Oracle subsidiary Hospitality Investment purchased the property at South Amphlett Boulevard from Atrium Plaza, a company owned by Tarsadia Investments of Newport Beach, reports the San Francisco Chronicle. The hotel will be managed by Evolution Hospitality and remain under the Marriott franchise. [SFC]

 

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