Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Boutique Hotel & Bistro Berkeley, a three-story independent boutique hotel and restaurant located less than a mile from UC Berkeley, which is ranked the #1 university in the world. The property has underfgone $2.3M+ worth of structural, exterior and FF&E renovations between 2016-2018 and is centrally-located in one of the best walking neighborhoods in town. This well-appointed property consists of a Bistro, 18 interior corridor guest rooms (including 1 master suite with terrace and view of Golden Gate Bridge), a front patio overlooking Shattuck Avenue, Berkeley's main thoroughfare, and a Verizon Cell Tower Lease. Rooms are equipped with comfy beds, microwaves, refrigerators, robes and work desks. Several of the guest rooms have balconies. The Bistro is located on the ground floor, serving the best espresso, lattes, pastries, sandwiches, wine and beers in town. The sale does NOT include parking spaces, the brand "SenS" for Hotel and the name "Vanne" for the Bistro. In addition to an outstanding location within walking distance of UC Berkeley, the property also benefits from its location within just two miles of all of the city's attractions. UC Berkeley enrolls more than 45,000 students and is home to The Greek Theatre, California Memorial Stadium, the Berkeley Rose Garden, Berkeley Art Museum & Pacific Film Archive, and the University of California Botanical Garden. Other nearby attractions include Tilden Regional Park, McLaughlin Eastshore State Seashore, and Fourth Street, which is home to several high-end shops and boutiques. The Boutique Hotel & Bistro Berkeley is located within four miles of four medical centers, including UCSF Benioff Children's Hospital Oakland, which is a member of one of the highest-ranked pediatric medical organizations in the nation. Berkeley is conveniently located just five miles to Downtown Oakland and eleven miles to Downtown San Francisco. Nestled in the heart of Berkeley’s iconic Gourmet Ghetto, this location is steeped in culinary history and innovation. The neighborhood is recognized as the birthplace of California Cuisine and the farm-to-table movement, led by pioneering institutions like Chez Panisse, Peet’s Coffee, and the Cheese Board Collective. These establishments revolutionized the way food and beverage are approached throughout California, influencing restaurants and chefs across the country. Just one mile from the North Berkeley BART Station, the property offers convenient access to the entire Bay Area. Its location appeals to both leisure and business travelers seeking to experience Berkeley’s renowned food culture, vibrant university atmosphere, and the dynamic energy of the East Bay. The Boutique Hotel & Bistro Berkeley represents the opportunity to acquire a renovated, independent boutique hotel and bistro in a stable market near several demand drivers. Our Pro Forma analysis assumes benefits of better business plan, efficient operation, aggressive marketing and continued modest growth supported by the increasing population and demand growth in the Berkeley/Oakland region.