Concord Plaza Hotel Concord, CA

Listing Agents

Scott Griemsmann
T: 415.419.5765
sgriemsmann@paramountlodging.com
DRE #01336236

Brian Guernier
T: 407.257.5277
bguernier@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Leasehold interest in 323-room Concord Plaza Hotel
  • Offered well below replacement cost in the high barrier to entry San Francisco East Bay
  • Significant operational upside through renovation and repositioning of the property
  • Operated under a union CBA agreement with Unite Here Local 2850, agreement extension currently being negotiated
  • Excellent location adjacent to Buchanan Airport, with easy access to SR 4, I-680 and SR 242
  • Available unencumbered by debt, management and franchise
  • Several branding opportunities available including Crowne Plaza, Doubletree by Hilton and Delta by Marriott
  • Proximate to significant demand generators including Anka Behavioral Health, BevMo Holdings, Cerus Corporation,  Concord Pavilion, John Muir Hospital, Matson, and Six Flags Hurricane Harbor
  • Located 21 miles from downtown Oakland, 30 miles from downtown San Francisco, and within 60 miles of three major international airports
Location