Ohana Real Estate purchased the Berkeley, Calif. property from FRHI Hotels & Resorts in an all-cash deal. FRHI purchased the hotel for $86 million in 2014 for an extensive renovation that nearly doubled its value. Built in 1915, the Claremont sits on a 22-acre hillside and features a luxury spa and private health club with more than 1,500 members.
The Claremont Club & Spa in Berkeley, Calif. has sold to Redwood City, Calif.-based investors Ohana Real Estate in an all-cash deal, the San Francisco Chronicle reported. Ohana Real Estate paid approximately $163.3 million for the palatial 276-room hotel.
Toronto-based FRHI Hotels & Resorts, which owns the Fairmont Hotel brand, sold the property, the Chronicle reported.
The Claremont has frequently changed hands during its 108-year legacy, the Chronicle reported. The Tudor chateau has a history of sales and competing visions, including a now-ill-fated proposal to transform the Claremont into 45 condos.
FRHI Hotels & Resorts purchased the hotel for $86 million in 2014 for an extensive renovation that nearly doubled its value, the Chronicle reported.
Ohana Real Estate owns a luxurious portfolio of resorts and hotels, including the Four Seasons Silicon Valley in Palo Alto, Calif.; Harvest Inn in St. Helena, Wash.; and the Mark Hotel in New York, N.Y., the Chronicle reported.
Built in 1915, the Claremont sits on a 22-acre hillside and features a luxury spa and private health club with more than 1,500 members, the Chronicle reported. The hotel’s rich history includes a dispute with its neighboring college over a ban on liquor sales within a 1-mile radius of the UC Berkeley campus (a college student famously remeasured the distance to secure the hotel its bar, earning her free drinks for life).
In 1993, the Claremont served as the setting for the swanky pool club in “Mrs. Doubtfire” where an “angry member of the kitchen staff” allegedly hawks a lime at the back of a guest’s head, the Chronicle reported.
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