The Offering
Berkadia’s Hotels & Hospitality Group is pleased to offer, on an exclusive basis, the opportunity to acquire the fee-simple interest in the former Radisson Oakland Airport (the “Hotel” or “Property”) through a receivership sale. Situated on approximately 5.4 acres, the 128,00-square-foot property consists of 286 guestrooms between two buildings connected via an interior corridor. The Property was developed in two-phases, opening the initial 192 guestrooms in the two-story building in 1963 and the remaining 94 guestrooms in the six-story tower in 1987. The Hotel offers a diverse array of amenities including nearly 10,000 square feet of meeting space, a full-service restaurant, and outdoor pool. Conveniently located off Interstate 880 and less than two miles from Oakland International Airport, the Hotel is located steps away from the Oakland Arena and Oakland Coliseum with easy accessibility to Downtown Oakland, Berkeley and San Francisco. The Hotel is also well-connected to public transportation, conveniently located near the Coliseum BART (Bay Area Rapid Transit) station which offers BART access and the Capitol Corridor Train (Amtrak), throughout much of the Bay Area and beyond. In February 2025, the Property was placed into receivership, following a decline in performance following the COIVD-19 Pandemic. In April 2025, the long-term agreement with Choice was terminated, clearing the path for a new investor to implement their own management and franchise strategies. A January 2018 appraisal valued the Hotel at $75 million. The Property is now offered for sale significantly below replacement cost and well below the 2018 appraisal. Furthermore, a new investor may wish to pursue the necessary approvals to convert the Property to other uses such as multifamily, affordable housing, a rehabilitation center or other alternative facilities.
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8400 EDES AVENUE, OAKLAND, CA 94621
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INVESTMENT SALES - HOTELS & HOSPITALITY
MORTGAGE BANKING
Scott Hall
Senior Managing Director
scott.hall@berkadia.com
CA Lic. #01917029
Scott Hall
Managing Director
scott.hall@berkadia.com CA Lic. #01917029
Aaron Lapping
Senior Director
aaron.lapping@berkadia.com
CA Lic. #02027729
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
8400 EDES AVENUE, OAKLAND, CA 94621
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Investment Highlights
Impressive Physical Attributes
1.
Unique Location Within a Qualified Opportunity Zone (QOZ)
6.
Opportunity to Convert to Market-Rate or Affordable Housing
5.
Receivership Sale – Free & Clear of Prior Franchise or Management Encumbrances
2.
Offered at a Significant Discount to Appraised Value and Replacement Cost
3.
Significant Public & Private Investment in Oakland
4.
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Courtney Chiotti
Senior Financial Analyst
courtney.chiotti@berkadia.com
CA Lic. #02163860
PROPERTY OVERVIEW
OAKLAND AIRPORT
8400 Edes Ave, Oakland, CA 94621
GUESTROOMS
286 Guestrooms including 12 Suites
QUALIFIED OPPORTUNITY ZONE
Alameda County, CA Tract 4090.00
ZONING
C36-SF4
BUILT / RENOVATED
1963 / 2016 & 2017
Food & Beverage
Former RBG Bar & Grill (150 seats)
AMENITIES
Outdoor Pool, Fitness Center, Business Center, Connecting Rooms, Complimentary Wi-Fi
Parking
317 Surface Level Parking Spaces including 4 EV Chargers
Land Area
5.42 Acres (236,095 SF)
MEETING SPSACE
9,517 SF including a 4,200-square-foot ballroom and 2,656 SF of pre-function space
TENURE / LABOR
Fee simple / Non-Union
BRAND / MANAGEMENT
Unencumbered (Previously Radisson by Choice) / Unencumbered (Previously self-managed)
The East Bay is the most populous sub-region in the Bay Area with over 3 million people. Oakland is the largest city in the East Bay region with a population of more than 415,000 residents. Situated on the eastern side of the Oakland Bay Bridge just 12 miles from San Francisco, Oakland serves as the trade center for the San Francisco Bay Area, maintaining the busiest container port in the region and ninth busiest in the U.S.
Due to a combination of its unique atmosphere and low rents relative to Downtown San Francisco, Oakland has attracted many young residents in addition to an array of high-profile firms including Blue Shield of California, Credit Karma, Pandora, PG&E, and The Clorox Company. The residential and corporate migrations to Oakland has also helped boost hotel RevPAR as well as increase leasing and construction activity.
The Hotel is located in a designated opportunity zone census tract (Tract 4090.00). Opportunity zones (created by The Tax Cuts and Jobs Act, passed in 2017) were designed to spur economic development by providing special tax advantages in specific designated areas. In effect, these tax benefits serve as amplifiers of investment returns.
The Location
HARRY MANCERA
Associate Director
harry.mancera@berkadia.com Lic. #SL3531238
Kyle Stevenson
Managing Director
kyle.stevenson@berkadia.com Lic. #BK3472655
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RECEIVERSHIP SALE
Opportunity to acquire a fully unencumbered 286-unit hotel with the ability to convert to alternative uses
The Former
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OAKLAND AIRPORT
The Former
OAKLAND AIRPORT
The Former
OAKLAND AIRPORT
INVESTMENT SALES - MULTIHOUSING
Brett Betzler
Senior Managing Director brett.betzler@berkadia.com Lic. #01330214
Jason Parr
Senior Managing Director jason.parr@berkadia.com Lic. #01323188
Kaohu Berg-Hee
Senior Director kaohu.berg-hee@berkadia.com Lic. #01986886
Scott MacDonald
Managing Director scott.macdonald@berkadia.com Lic. #01422005
Jason Parr
Senior Managing Director jason.parr@berkadia.com Lic. #01323188