Crexi Contact
Listed by Alchemy Real Estate Advisors, Commercial Real Estate Exchange
Unpriced
Hyatt House Pleasant Hill California
Located along the I-680 / Highway 242 corridor
Marketing description
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- Lender-owned Hyatt House located in Pleasant Hill, CA offered for sale via Crexi auction on March 23–25
- 142-key extended-stay Hyatt asset well suited for corporate, medical, and relocation demand
- Seller to convey leasehold interest subject to a long-term ground lease with ~88 years remaining
- Offered unencumbered by management and debt, enabling a clean transition at closing
- Ability to retain or relicense under the Hyatt House brand, subject to franchisor approval
- Meaningful operational upside through transition out of lender control and third-party management
- Attractive basis relative to replacement cost in a highly supply-constrained East Bay submarket
- Part of a broader lender-owned Hyatt House offering across multiple high-barrier U.S. markets, including Pleasanton and Pleasant Hill, California and Scottsdale, Arizona
Auction Terms:
- Non-Contingent
- Earnest Money Deposit: 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- Close of Escrow: 45 days
- Subject To Seller Approval
Hyatt House Pleasanton California
Hyatt House Pleasant Hill California
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2611 Contra Costa Blvd, Pleasant Hill, CA 94523
Investment highlights
- Located along the I-680 / Highway 242 corridor, a core lodging and office node in Central Contra Costa County
- Approximately 15 minutes from Bishop Ranch in San Ramon, a 600-acre master-planned business park with over 10 million SF of office space and major tenants including Chevron, SAP, and Accenture
- Adjacent to the Pleasant Hill / Contra Costa Centre BART station, providing direct connectivity to Oakland, San Francisco, and the broader Bay Area
- Proximate to Walnut Creek, a major East Bay employment, retail, and dining hub
- Nearby demand drivers include Kaiser Permanente, John Muir Health, Diablo Valley College, and regional corporate campuses throughout Contra Costa County
- Strong access to Interstate 680, linking Pleasant Hill to San Ramon, Bishop Ranch, and the greater Tri-Valley employment base
- Well positioned to capture extended-stay, corporate, healthcare, and relocation-related lodging demand
- East Bay submarkets benefit from high barriers to new hotel development and limited entitled land
- Less than one hour from downtown San Francisco, which saw ADR rise 6% year-over-year to $225.82 and RevPAR increase 11.8% to $155.84, the highest annual gains for each metric, driven by renewed convention activity, return-to-office trends, and recovering business travel
Listing Contacts
Crexi Contact
Listed by Alchemy Real Estate Advisors, Commercial Real Estate Exchange
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