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Downtown Oakland Hotel Trades at 76% Discount

Plunging values, and safety concerns are hitting lodgings in the airport corridor.

By Jack Rogers | November 22, 2024 at 05:38 AM

Hotel values are cratering in Oakland, with the latest benchmark set by a downtown property that sold for 76% less than its last trade.

Core Property Capital paid $10.6M for the Courtyard Oakland Downtown, a 162-room Marriott-branded hotel located at 988 Broadway.

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