La Quinta Hotel & Inn by Wyndham in Berkeley, CA

Location

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 for upside in the Bay area.

Business Description

Located in vibrant Berkeley, CA, the property benefits from its proximity to the renowned UC Berkeley campus, fostering a dynamic and educated workforce. The area is celebrated for its innovative spirit, with the East Bay/Oakland market serving as a hub for technology, research, and creative industries. Investors will find a wealth of nearby points of interest including the Tilden Regional Park, Berkeley Marina, and the thriving dining and arts scene of downtown Berkeley. This property presents an enticing proposition for hospitality investors seeking a strategic foothold in the thriving East Bay/Oakland area.

• 113 Room, 3 Story Interior Corridor Hotel on 1.54 Acres
• Located on University Avenue
• Excess Parking & Banquet Space
• Closed Full-Service Restaurant
• 2.2 Miles to UC Berkley , 12.6 miles to San Francisco, 16.6 miles to Oakland
• Value Add Opportunity in High Barrier to Entry Market
• Located in Opportunity Zone
• Building Size - 92,992 sq ft
  

Investment Rationale

Transaction Information

$19,750,000 - list price