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La Quinta Inn by Wyndham Berkeley

$19,750,000

920 University Avenue, Berkeley, CA 94710

Active
Last Updated: 07/31/2024

93,992 sqft

Building Size

113

Keys

Details:
Building Size:    93,992 sqft
Keys:    113
Year Built:    1965
Parking Spots:    96
Highlights:
  • 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
Description:

The Bowman Post Group of NewGen Advisory is pleased to present for sale the La Quinta Inn by Wyndham 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 for upside in the Bay area.

Broker of Record: Andrew Post | NewGen Advisory CA, Inc. | CA DRE: 01960611

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

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