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Listed by:

Ravi Jagtiani / Jagtiani Group

Hotel In Berkeley, CA For Sale

Berkeley, California, US
Asking Price:
$19,500,000
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Hotel In Berkeley, CA

This 3 story, interior corridor hotel has 113 keys and has an excellent location on University Avenue. The hotel is near The University of California - Berkeley, the Lawrence Berkeley National Laboratory, and other major demand generators. This is an ideal investment opportunity for investors looking in this high barrier to entry market.

113 room, 3 story, interior corridor hotel on approximately 1.54 acres.

23 minute to Oakland Airport, 17 minutes to San Francisco, 15 minutes to University of California, Berkeley, 3 minutes to Berkeley Marina.

Closed full-service restaurant space.

Excess banquet space and parking

Outdoor pool, fitness center, guest launderette, business center, and meeting room

High barrier to entry market

Change of use potential: Affordable Housing, Transitional Housing, Student Housing (Buyer to verify)

Property Information

Real Estate:

Lease

Location:

Berkeley, CA (Alameda County)

Business Operation

Expansion Potential:

Potential for Expansion(buyers to verify from the city and licensing)

Reasons for selling:

Retirement

Other Information

Support & training:

Will be Provided.