What is the latest status of the project “Sonesta Select Hotel Purchase in Pleasant Hill”?

The status recorded for “Sonesta Select Hotel Purchase in Pleasant Hill” is completed.

What is the budget and commercial profile for the project “Sonesta Select Hotel Purchase in Pleasant Hill”?

Taiyo normalizes the budget of “Sonesta Select Hotel Purchase in Pleasant Hill” to USD 12000000.

Where can I verify the source and access all details for “Sonesta Select Hotel Purchase in Pleasant Hill”?

This Taiyo project page references Silicon Valley along with the original URL (https://www.siliconvalley.com/2025/11/12/hotel-economy-east-bay-property-build-travel-real-estate-covid-develop/). Taiyo standardizes official data into a consistent, searchable project profile.

Sonesta Select Hotel Purchase in Pleasant Hill

Sector: Residential • Location: Pleasant Hill, California, United States

Source: Silicon Valley

Project

Completed

The 135-room Sonesta Select hotel located at 2250 Contra Costa Boulevard in Pleasant Hill was purchased by an affiliate controlled by the Vinod and Nayna Patel family trust. The purchase price was $12 million, which is about 38% below the property's assessed value of $19.4 million, indicating weak property values in the Bay Area lodging market. The seller was Hospitality Properties Trust, a real e

Status: Closed
Sector: Residential, Commercial, Hotel
Location: Pleasant Hill, California, United States of America
Updated: 22 Jul 2026
Source: Silicon Valley

ConstructChat

Ask ConstructChat about Sonesta Select Hotel Purchase in Pleasant Hill

Pick a question to edit it, or write your own.

First answer free · no account

I am a

Project Information

4 Q

The project “Sonesta Select Hotel Purchase in Pleasant Hill” is an infrastructure initiative in the Residential sector, located in Pleasant Hill, California, United States. Taiyo aggregates data on it from Silicon Valley.

Participants

Not available for this record.

Status

Original status	completed
Taiyo status	Closed
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The 135-room Sonesta Select hotel located at 2250 Contra Costa Boulevard in Pleasant Hill was purchased by an affiliate controlled by the Vinod and Nayna Patel family trust. The purchase price was $12 million, which is about 38% below the property's assessed value of $19.4 million, indicating weak property values in the Bay Area lodging market. The seller was Hospitality Properties Trust, a real estate investment trust (REIT).
Original sector	Real Estate
Budget

Location

Country	United States of America (USA)
State	California
City	Pleasant Hill

Source

Source	Silicon Valley
URL

More Details

Record type	Project
Sector	Residential, Commercial, Hotel
Article published date	2025-11-15

Research

Free account

View all details

You are reading the public part. A free account opens the rest:

Every detail on this project
News and media coverage
Technical research

View all details

Free account · no card · lands you back on this project

Sonesta Select Hotel Purchase in Pleasant Hill

Ask ConstructChat about Sonesta Select Hotel Purchase in Pleasant Hill

Project Information FAQ

Project Information

Research

View all details

More Residential projects in United States