SAN JOSE, California — The market for hotel purchases has nosedived in both the Bay Area and California, in a sign that investors believe the weakness in the lodging sector has yet to run its course. Measured by dollar amount, acquisitions of hotels plunged by 48.3% in Northern California and by 60.2% in Southern California, Atlas Hospitality reported. The Northern California market includes the Bay Area. Statewide, hotel purchase activity plummeted 56.3% in 2023 in California. This represented the second-worst decline ever documented by Atlas Hospitality Group, which tracks the lodging indust…