Jones Lang LaSalle Americas, Inc. (“JLL”), as sole and exclusive agent for the Seller, has been retained to offer for sale the 40-room Rose Garden Inn along with entitlements for a 17-room expansion (the “Hotel” or “Property”) located in Berkeley, California. Offered unencumbered by brand and management, the Hotel represents a rare opportunity for an investor to acquire a boutique hotel adjacent to University of California, Berkeley, one of the top-rated universities in the country and is the East Bay’s largest employer.
The Rose Garden Inn is located along Telegraph Ave within walking distance to University of California, Berkeley, and Lawrence Berkeley National Laboratory. The Hotel is proximate to San Francisco and many East Bay locales including the neighboring cities of Emeryville and Oakland.
Management & Brand Availability
The Hotel is available unencumbered by both brand and management, allowing new ownership maximum flexibility to enhance market positioning, improve cost controls, and further increase profitability.
Approved 17-Room Expansion
The offering includes a fully entitled expansion of 17 additional guest rooms, three additional offstreet parking spaces, and to add incidental liquor service with meals within the existing restaurant.
The scarcity of vacant land, high cost of construction, and long entitlement process in Berkeley result in an extremely high barriers-to-entry market for new hotel development. No new hotel has opened in Berkeley since 2000.