The Burlingame Project was a highly successful transaction, marked by its transformation from an initially planned dual-branded hotel to a bio-medical facility to meet a buyer's specialized needs. EKN Development Group led the effort in securing the necessary entitlements and rezoning approvals to ensure this transition, reflecting our ability to adapt and meet market demand. The sale was finalized after receiving an exceptional offer, including an unexpectedly high cap rate driven by strong market interest and demand, ultimately validating the strategic repositioning of the asset.

Originally envisioned as a dual-branded Hyatt Place and Hyatt House near San Francisco International Airport (SFO), the project was set to offer 554 keys with a 99-year ground lease. This original concept aimed to enhance the regional hospitality landscape by capitalizing on SFO’s strong economic activity and substantial passenger volume. The project was strategically positioned to cater to business and leisure travelers alike, with plans for construction and a projected opening date to meet the area's growing demand for high-quality accommodation.

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