OAKLAND — An East Bay nonprofit that focuses on homelessness bought an Oakland hotel engulfed in financial woes, including a failed real estate loan.
Radisson Hotel Oakland Airport was bought by an affiliate of Cardea Health for $15.5 million, documents on file with the Alameda County Recorder’s Office show.
The 286-room hotel at 8400 Edes Ave. was part of a marketing effort by commercial real estate firm Berkadia Hotels & Hospitality Group to sell the property.
Radisson Hotel Oakland Airport was previously involved in a court-ordered receivership over a loan delinquency, according to Alameda County Superior Court records.
“In February 2025, the property was placed into receivership, following a decline in performance following the COVID-19 pandemic,” Berkadia Hotels & Hospitality Group stated.
Prior to the sale, a proposal was filed with Oakland planners to convert the hotel into a residential complex with slightly more rooms. Plans called for 291 apartments, with 288 set aside as affordable and three available for managers.
Supportive services were slated to be provided to occupants in 105 of the affordable units, planning documents show.
Cardea Health is now at the site. This news organization reached out to the nonprofit for a comment on the sale.
According to its website, Cardea Health “operates multiple programs targeting individuals who have experienced chronic homelessness and complex illness,”
The nonprofit says its care model has led to better health outcomes for residents of its sites and a better quality of life.
“The model has led to an almost 80% reduction in emergency department visits, skilled nursing facility admissions, and inpatient admissions among individuals housed for 180 days or more,” Cardea Health states.