Updated Oct 10, 2026
Cardea Health Acquires Radisson Hotel Oakland Airport For $15.5 Million From Berkadia Hotels
8400 Edes Avenue
$15,500,000
Building Size
—
Asset Type
Hotel
Closing
Sep 18, 2026
About this deal
AI
The 286-room Radisson Hotel Oakland Airport, located at 8400 Edes Avenue in Oakland, CA, has been sold for $15,500,000. This asset type hotel, operating with a per key price of approximately $54,196, had previously entered a court-ordered receivership due to loan delinquency. Plans to convert the property into 291 apartments, primarily designated as affordable housing, were also noted.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,500,000
- Buyer: Alexis Chettiar & Catherine Hayes - Cardea Health
- Seller: Berkadia Hotels & Hospitality Group
- Keys: 286
- PPK: $54,196
In this transaction, Alexis Chettiar and Catherine Hayes represented Cardea Health, acquiring the hotel from Berkadia Hotels & Hospitality Group. The deal reflects a strategic move in the hospitality sector, particularly after the property's challenging circumstances leading to its receivership.
On the Map
$15,500,000
Hotel
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Oakland Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93