LOS ANGELES, CA — June 2026 — Alchemy Real Estate Advisors announced the sale of the Hyatt House Pleasant Hill and Hyatt House Pleasanton, two extended-stay hotels located in the East Bay region of the San Francisco Bay Area.
Alchemy exclusively represented a CMBS special servicer in the disposition of both lender-owned assets. The marketing process yielded broad interest from qualified investors and reaffirmed the strength of Alchemy’s California presence and depth of understanding of Bay Area markets. The buyer pool included California-based buyers and various national groups seeking value-add hospitality opportunities.
The 142-key Hyatt House Pleasant Hill is located in Central Contra Costa County. This area is near Bishop Ranch, one of the region’s leading mixed-use business districts. The property benefits from convenient access to major transportation corridors, retail amenities, and employment centers throughout the area.
The 128-key Hyatt House Pleasanton is located in the Tri-Valley near Hacienda Business Park, one of Northern California’s largest master-planned business parks. The property benefits from proximity to a diverse base of employers in technology, healthcare, financial services, and professional services. In addition, it also provides convenient access to Interstate 580 and the broader Bay Area.
“Both transactions required thoughtful execution given the complexities involved, including lender ownership and other deal-specific nuances that materially shaped the process,” said Josh Mehlberger, Vice President in Alchemy Real Estate Advisors’ California office. “Despite these complexities, the market responded well to two branded extended-stay assets in strong East Bay locations. The outcome reinforces that there is meaningful capital pursuing hospitality opportunities where buyers can see a clear path to value creation.”
The transactions were completed with two separate privately held California-based hospitality investment and operating groups. The sales underscore continued investor interest in branded hospitality assets with strong locations, operational upside, and long-term value creation potential.
They also reflect the continued appeal of extended-stay hotels in markets supported by diverse economic and corporate demand drivers.
