FREMONT, CA— June 2026 — Alchemy announced the sale of the Hyatt Place Silicon Valley Fremont. The property is a 151-room upscale select-service hotel at 3101 W. Warren Ave. in Fremont, California.
Alchemy represented the seller, a publicly traded national hotel REIT, in the disposition.
The hotel sits in the heart of the Fremont–Newark–Milpitas industrial and technology corridor, a nationally recognized hub for advanced manufacturing, EV, semiconductor, and clean-technology development. The property is directly accessible from Interstate 880 — which carries more than 200,000 vehicles per day through portions of the Fremont corridor. The property is also minutes from primary thorohfare I-680. The location allows the asset to capture consistent weekday corporate and project-based demand from employers including Tesla, Lam Research, Western Digital, Seagate, and Bloom Energy.
Tesla is reinvesting heavily in its Fremont campus as part of its 2026 capital plan and retooling production lines for its Optimus robot program. The company expects the conversion to increase headcount and significantly raise output and will reinforce the market’s long-term position as a global hub for advanced manufacturing and innovation. Limited entitled land, restrictive zoning, and protected industrial employment zones materially constrain new hotel supply.
“We’re pleased to have completed the sale of this upscale Silicon Valley hotel on behalf of an institutional public REIT,” said Josh Mehlberger, Vice President in Alchemy’s California office. “The transaction achieved strong pricing through an efficient, well-executed marketing process,. Our team is excited to continue build on renewed investor interest in Northern California.”
The buyer is a regional private hotel development and management firm that is focused on premium select-service and extended-stay hotel and they will self-manage the property. The hotel will remain a Hyatt Place and ownership plans a comprehensive property improvement program to elevate the guest experience and strengthen the asset’s competitive position.
The closing comes amid renewed Bay Area lodging momentum. San Francisco has led the nation in RevPAR growth in the first quarter of 2026 with 31% year over year gains on the strength of AI-sector corporate travel. The sale marks Alchemy’s third California closing in the past month and underscores the firm’s ability to pair institutional sellers with well-capitalized private regional buyers.
