The Courtyard by Marriott Oakland Airport, a 156-room hotel just minutes from Oakland International, quietly changed hands in late December for $12.5 million, a heavy discount from what it was worth only a year earlier. The end-of-2025 deal came in at roughly 63 percent below the county’s January 2025 assessment, a markdown that highlights how hard the local hotel market has been hit. The buyer is a group led by Elk Grove investor Harprit Dhillon, picking up a property that had been under a court-appointed receiver after the previous owner lost control of the loan.
Sale Recorded With County, Buyer Listed In Filings
Documents filed with the Alameda County Recorder show the sale was officially recorded on December 26, 2025, and list the purchase price at $12,500,000, according to The Mercury News. The outlet reports that the buyer is an entity led by Harprit Dhillon, who is connected in state public records to a Sacramento-area hotel buying group.
Receivership And Owner Background
The hotel did not come to market under normal circumstances. It was part of a group of Courtyard and Residence Inn properties that Ashford Hospitality Trust said were shifted to a court-appointed receiver in early 2024, according to an Ashford Hospitality Trust SEC filing. In that filing, the company describes transferring properties tied to the KEYS loan pools on March 1, 2024, which moved control of the Oakland airport hotel to a receiver while matters with the lenders were sorted out.
About The Property
Located at 350 Hegenberger Road, the hotel operates under the Courtyard flag and lists 156 guestrooms, according to Marriott’s official hotel page. Built in the 2000s and updated in recent years, the property includes meeting space and an outdoor pool, and it has long been marketed as an airport-adjacent option for business travelers, flight crews, and event groups looking to stay near the terminals.
Where This Fits In The Bay Area Hotel Slump
This deal slots neatly into a broader pattern of distress in Oakland and across the Bay Area’s hospitality sector. Several hotels have traded at deep discounts or slipped into foreclosure over the past year, with both downtown and airport properties taking hits as demand and lending terms stay soft. As The Real Deal has reported, sales volumes are down and pricing has been reset, creating a market where well-capitalized buyers can scoop up hotels for a fraction of their pre-pandemic valuations.
Local Investors See A Long-Term Play
Alan Reay, president of Atlas Hospitality Group, told The Mercury News that “this is a great price for this hotel,” pointing to replacement-cost estimates of about $200,000 to $250,000 per room in the Bay Area. At $12.5 million for 156 rooms, Dhillon’s group appears to be betting that business and leisure travel, along with conventions, will grind their way back over the next five to ten years, turning today’s bargain-basement entry price into a solid long-term hold.
Legal Status
Because the Courtyard was sold out of receivership, the lenders and the court-appointed receiver are responsible for cleaning up outstanding liens and any lingering claims tied to the old loan before the new owner assumes full operational control. Public-record filings show that the transfer has been completed, although title and tax rolls can take weeks to fully catch up, so anyone needing definitive confirmation should check directly with the Alameda County Recorder for the final documents.
For local travelers, the immediate impact is minimal. The Courtyard is still standing, still branded, and still showing up on booking sites. What has changed is the ownership and the price tag, another clear sign of how far the Oakland lodging market has shifted since the pandemic. The next question is whether this airport-area bargain sparks a round of similar cut-rate deals along Hegenberger Road and the surrounding hotel corridor.
