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Palo Alto Apartment will soon turn into a hotel

10 days ago   |   By

A real-estate giant from Chicago bought one of downtown Palo Alto's historic and more affordable apartment buildings and is planning on converting it back to a luxury hotel.
That means all the current tenants of the President Hotel Apartments are being evicted. The tenants say it's simply too expensive to live elsewhere in the city, but the city manager's office says there is very little the city can do to stop it.
The new owners, AJ Capital Partners based in Chicago, don't even need permits to make the conversion unless they want to make changes to the exterior, the city says.
The tenants...
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