Big San Jose hotel goes up for sale, deal could be market barometer

SAN JOSE — The Signia by Hilton hotel, a downtown San Jose icon, is up for sale in a deal that may produce a diagnosis about the Bay Area lodging market’s health in the wake of coronavirus-spawned economic afflictions. The sale efforts involve the 541-room hotel tower at 170 South Market Street, which is the one-time northern tower of the former two-tower hotel complex in downtown San Jose. Just a few weeks ago, the 264-unit former south tower of the hotel was bought by a Bay Area real estate firm that intends to convert the facility to housing for San Jose State University students. Mill Valley-based Throckmorton Partners, acting…