San Francisco, CA (PRWEB) October 21, 2012
The hotel occupies a waterfront location at the edge of the city of Oakland, within the “Oak to Ninth” mixed-use redevelopment area, and enjoys a setting central to the Oakland Airport and Bay Bridge to San Francisco. The City of Oakland and the Port Authority’s redevelopment efforts have finally taken hold, the most significant and transforming the former Oakland Army Base, The “Oak to Ninth” project, and the Coliseum redevelopment project. Combined the projects will literally transform the Oakland waterfront from the Oakland Airport to the Bay Bridge, turning vacant industrial and container yards to a vibrant waterfront destination and community over the next decade. The projects have been funded through state and federal grants in conjunction with private investment, the Coliseum project started in 2009, the former Army Base is scheduled to begin the summer of 2013, and the “Oak to Ninth” project is on target to begin in 2014
The 132-room Homewood Suites is a 3-story stick construction hotel that was opened in January 2002. The hotel’s waterfront location provides a setting that is unmatched by its competitors and lies approximately 2 miles from 12.85 million square feet of office space in Oakland’s CBD and over 26 million square feet within the greater Oakland area.
About Paramount Lodging Advisors
Paramount Lodging Advisors is a hotel brokerage and advisory firm specializing in the asset management, debt and equity placement, and transaction of hospitality assets across the United States, Canada, & Europe. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com