Mark Hoplamazian Of Hyatt Hotels Sells Two East Bay Hyatt House Hotels For $4.3M

The asset involved in the transaction is a hotel, specifically two East Bay Hyatt House hotels located at 2611 Contra Costa Boulevard and 4545 Chabot Drive in Pleasanton. The sale was completed for a total price of $4,300,000, with 270 keys available. The price per key is $15,926. The properties were sold after foreclosure, reflecting distress in the Pleasant Hill and Pleasanton markets.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,300,000
• Address: 2611 Contra Costa Boulevard & 4545 Chabot Drive Pleasanton
• Market: Pleasant Hill & Pleasanton
• Seller: Mark Hoplamazian - Hyatt Hotels
• Keys: 270
• Price Per Key: $15,926

Mark Hoplamazian, representing Hyatt Hotels, facilitated the sale of the properties, which were sold as a result of lender seizures and foreclosures that have been affecting hotel values in the region. The transaction occurred after the properties were auctioned, reflecting a broader trend of distress among hotel assets in the area.