Hotel-Motel
SpringHill Suites Oakland Airport
195 Hegenberger Rd, Oakland, CA 94621
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been chosen to exclusively market for the sale the SpringHill Suites Oakland Airport. This property is a newer built (2019) Upscale hotel and is a 5-story, interior corridor hotel with 134 rooms, located half a mile from the Oakland International Airport, which services over 11.2 million passengers a year.
The full service, all-suite Bay Area Hotel packs plenty of amenities into an exceptional stay, including a complimentary hot breakfast buffet, WiFi and shuttle to/from Oakland International Airport (OAK). Their spacious suites feature a dry-bar, mini-fridge, microwave, walk-in closet, spa-like bathroom, separate areas to sleep, work and relax. SpringHill Suites Oakland Airport was named Marriott's Hotel of the Year for 2021. The hotel offers easy access to Abbott, Alameda Health System, Ask.com, AT&T Warner Media, Clorox, Deloitte, FedEx, Frito-Lay, Kaiser Permanente, Lockheed Martin, Pandora, and Parsons.
Investment Highlights
- Newer built Marriott Branded Hotel – Opened in September 2019
- Located off Hegenberger Rd (0.5 Miles) from the Oakland Airport, Servicing over 11.2 million passengers in 2023
- Profitable food & beverage department
- < 250 New rooms currently under development within a 5 Mile radius
- The SpringHill Suites is supported by both major forms of traveler, Leisure & Business, allowing for stable demand year round
- All 134 rooms are suites, providing spacious rooms and small kitchen appliances (Pantry Area, Mini Fridge, Microwave, Silverware, Dishes and Glasses) to accommodate long term stays
- Operational upside in Rooms Expense along with Admin & General; new ownerships ability to capitalize on strong topline revenue and trim expenses
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Vice President/District Manager
Financing By
Listing Price: Request For Offer
Investment Highlights
- Newer built Marriott Branded Hotel – Opened in September 2019
- Located off Hegenberger Rd (0.5 Miles) from the Oakland Airport, Servicing over 11.2 million passengers in 2023
- Profitable food & beverage department
- < 250 New rooms currently under development within a 5 Mile radius
- The SpringHill Suites is supported by both major forms of traveler, Leisure & Business, allowing for stable demand year round
- All 134 rooms are suites, providing spacious rooms and small kitchen appliances (Pantry Area, Mini Fridge, Microwave, Silverware, Dishes and Glasses) to accommodate long term stays
- Operational upside in Rooms Expense along with Admin & General; new ownerships ability to capitalize on strong topline revenue and trim expenses
Investment Overview
Marcus & Millichap has been chosen to exclusively market for the sale the SpringHill Suites Oakland Airport. This property is a newer built (2019) Upscale hotel and is a 5-story, interior corridor hotel with 134 rooms, located half a mile from the Oakland International Airport, which services over 11.2 million passengers a year. The full service, all-suite Bay Area Hotel packs plenty of amenities into an exceptional stay, including a complimentary hot breakfast buffet, WiFi and shuttle to/from Oakland International Airport (OAK). Their spacious suites feature a dry-bar, mini-fridge, microwave, walk-in closet, spa-like bathroom, separate areas to sleep, work and relax. SpringHill Suites Oakland Airport was named Marriott's Hotel of the Year for 2021. The hotel offers easy access to Abbott, Alameda Health System, Ask.com, AT&T Warner Media, Clorox, Deloitte, FedEx, Frito-Lay, Kaiser Permanente, Lockheed Martin, Pandora, and Parsons.
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Vice President/District Manager