East Bay hotel lands buyer at low cost in frail lodging market

PLEASANTON - The Hyatt House Pleasanton hotel was bought by a Southern California group for well under $1 million in a deal that shows the Bay Area lodging market continues to struggle.

The 128-room hotel at 4545 Chabot Dr. was purchased for $800,000 by a San Diego-based investment group, documents filed on June 16 with the Alameda County Recorder's Office show.

The group is headed up by Shivam Patel and Rajesh Patel, according to state and county public documents.

RELATED: Central Valley investors buy East Bay hotel for well under prior value

The sale price works out to just $6,250 a room, a low per-room value for the Bay Area hospitality sector.

By comparison, deals for Northern California hotels in 2025 produced a median purchase price of $109,243 a room, Atlas Hospitality Group has reported.

Hyatt House Pleasanton was one of several hotels engulfed in a massive nationwide loan failure for lodging properties. Hawaii-based Shidler Group purchased the portfolio of hotels in 2017.

The Shidler firm paid $39.6 million at that time for the hotel in Pleasanton.

Separately, a Hyatt House Pleasant Hill hotel at 2611 Contra Costa Blvd. that was also part of the failed portfolio was also bought for a relatively low price following its foreclosure.

A business entity that's linked to San Diego-based Kalthia Group Hotels bought the 162-room hotel for $3.3 million, documents filed on June 3 with the Contra Costa County Recorder's Office show.

The price works out to about $20,350 a room, which is 81% below the typical per-room values for Northern California hotels in 2025, as reported by Atlas Hospitality.

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