The 805-room San Jose Fairmont Hotel, Silicon Valley’s largest hotel, has filed for bankruptcy and plans to restructure with a new brand and new management to reopen within 60 to 90 days, the San Francisco Chronicle reported. The temporary closure of the two-tower landmark hotel — which owner FMT SJ LLC said lost at least $18 million in 2020 and is projected to lose at least an additional $20 million this year — underscores the economic damage of the coronavirus pandemic on the hotel and tourism industries. The hotel closed Friday and relocated fewer than 50 guests to other hotels in San Jose and paid for their lodging, hotel spokesman Sam Singer said. All hospitality staff were laid off on Friday, including union members and hotel management, said Singer, who didn’t have the number of layoffs. They were paid through Friday. On Saturday, the only people at the hotel were security guards and engineers, Singer said.
