Oakland & the East Bay · Alameda County
Oakland hotel & multifamily broker
Advisory for owners across the East Bay
As of 2026-08-03, 5 hotel listings were observed for sale in the Oakland market, with published asking prices from $2,300,000 to $8,500,000. Request the full report
The East Bay is where Bay Area real estate decisions get practical. Owners in Oakland and the surrounding corridor weigh airport and port-driven lodging demand, a deep multifamily base, and — increasingly — the question of whether a property's best exit is as a hotel at all, or as housing.
Stephen Shekhar works with East Bay hotel and multifamily owners on exactly those decisions: what the asset is worth in its current use, what it could be worth repositioned, and how to run a sale process that gets both answers priced by the market. His closed work includes a hotel-to-apartment conversion sale — a route more East Bay owners are asking about.
Conversion-aware valuation
Stephen has closed a hotel-to-apartment conversion sale. When housing demand competes with lodging economics, we price both paths.
Airport & logistics corridor lodging
Assets serving the airport and port corridors trade on a different demand story than downtown — the marketing has to reflect it.
Workouts and difficult situations
For properties under stress — deferred maintenance, debt maturity, receivership — we run disciplined processes without urgency theater.
What’s moving the Oakland market
Updated 2026-08-03 · every item sourced
Oakland Moxy hotel shutters in latest East Bay hospitality woes
Oakland's only boutique hotel closed after a $35M default, removing 172 keys from downtown supply (2026-01-21 — source)
Oakland hotel near airport is bought at huge reduction in value
Courtyard by Marriott Oakland Airport traded for $12.5M, or $80,100 a room, resetting airport-corridor comparables (2026-01-05 — source)
Hotel values tumble in Northern California but perk up in Southland
Northern California median fell 14.8% to $109,243 per room; Atlas expects 2026 to stay difficult (2026-02-10 — source)
Two East Bay hotels linked to troubled property portfolio are bought
Newark trades at $66,200 and $47,600 per room show East Bay pricing still far below regional median (2026-07-22 — source)
Travel is down at Oakland airport
May 2026 passengers fell 17% year-over-year, weakening the airport-corridor demand base owners underwrite against (2026-07-10 — source)
Signals
- Distress — 172-key Moxy Oakland shuttered January 2026 after defaulting on a $35M Acore Capital loan; a receiver was appointed and a county tax lien followed. source
- Transaction — Lender Invesco took back the 500-room Oakland Marriott City Center for $70.2M at foreclosure, 51% below Gaw Capital's $143M purchase in 2017. source
- Conversion — Maya Motel in Temescal becomes 23 supportive-housing studios using $17.6M; Oakland's 10th Homekey project, within $105.5M and 490 units awarded since 2020. source
- Policy — A new state law effective 2026 relaxes Port of Oakland leasing restrictions at Jack London Square, where over 50% of ground-floor space sits empty. source
- Demand — Oakland airport recorded 9.2 million passengers in 2025, still below pre-pandemic levels, while the Port pursues new routes and a planned third terminal. source
Observed on the market
Former Radisson Oakland Airport, 8400 Edes Ave
Price undisclosed · 286 keys/units
Receivership sale, unencumbered, in Qualified Opportunity Zone; marketed for housing conversion source
150 Hegenberger Rd (Oakland Airport Executive Hotel)
$8,100,000 asking · 191 keys/units
Largest listed by key count; 97,577 SF in the airport corridor source
444 W MacArthur Blvd
$8,500,000 asking · 40 keys/units
Highest published asking price observed; 14,625 SF source
839 Isabella St
$2,300,000 asking · 13 keys/units
Lowest published asking price observed; 4,802 SF source
Third-party listings shown as market observations with attribution — not offerings of this practice.
Coverage note: Counted the 5 hotel listings enumerated on CityFeet's Oakland hotels-for-sale page (4 in Oakland proper, 1 in adjacent Emeryville); partial view of one public marketplace, excluding off-market, receivership, and brokerage-only offerings.
Conditions that move this market
as of 2026-08-03
Trepp CMBS delinquency rate increased 51 basis points to 7.86% in July 2026; lodging increased 13 basis points to 5.35%
Lodging credit is deteriorating again after June's improvement, which tightens refinancing terms and strengthens a case for selling now. source
California AB 507 (Adaptive Reuse) operative July 1, 2026: ministerial, CEQA-exempt approval for converting nonresidential buildings including hotels into residential or mixed use
Creates a statewide by-right path to convert hotels to housing, potentially adding a residential-value floor under underperforming assets. source
CoStar: U.S. hotel results for week ending 25 July 2026 — occupancy 72.5% (+1.3%), ADR $173.47 (+4.9%), RevPAR $125.72 (+6.3%)
Top-line trend is solidly positive and rate-driven, meaning current trailing revenue supports a stronger sale narrative today. source
Oakland owner questions
Is converting my Oakland hotel to apartments realistic?
Sometimes — it depends on the building's bones, zoning, and what housing-oriented buyers will pay versus hospitality buyers. We underwrite both exits and let the numbers decide. Stephen closed a $14.25M Motel 6 hotel-to-apartment conversion sale, so the analysis comes from experience, not theory.
My loan is maturing and refinancing looks difficult. What are my options?
The honest range: refinance, recapitalize, sell whole, or structured sale. We start with a current opinion of value so every conversation with your lender is grounded in what the asset would actually trade for today.
How is selling an East Bay multifamily property different from a hotel?
Multifamily trades on rent roll durability and expense discipline; hotels trade on operating performance and brand position. Stephen has closed both — including 1,000+ multifamily units overseen — and the buyer outreach lists barely overlap.
Will a sale process disrupt my staff and operations?
It doesn't have to. Confidential processes with NDA-gated information are standard in hospitality. Your team hears about the sale from you, on your timeline — not from a public listing.
Talk through your Oakland asset
A confidential conversation about your Oakland hotel or multifamily property — and a preliminary view on value. Stephen Shekhar, eXp Commercial.
Prefer the phone? Call 323-841-0593