Ohana Real Estate Investors acquired the 276-room Claremont Club & Spa, a Fairmont Hotel in Berkeley, California, for $163.3 million.
The East Bay Times first reported the deal, citing documents filed May 12 with the Alameda County Recorder’s Office. The seller was San Francisco-based Blum Capital Partners.
Hotel News Now reached out to Ohana Real Estate, Blum Capital and Accor, but as of publication time has not received any official comment on the sale.
The hotel sits on 22 acres and offers guests multiple dining options, spa experiences, wellness activities, 10 lighted tennis courts, pools and more, according to the hotel's website.
The luxury hotel last sold in March 2014 in a distressed deal, CoStar data shows. The seller was Singapore sovereign wealth fund GIC Real Estate, which bought it from Pyramid Advisors in a bankruptcy sale in February 2013 as part of a four-property portfolio deal that totaled $1.46 billion. The hotel itself was priced at $101.2 million.
Ohana Real Estate Investors is a Redwood City, California-based hospitality investment and development company. CoStar data shows it has acquired five hotels, including the Claremont Club, and sold one since January 2020. Among its acquisitions were the Hyatt Regency Lost Pines Resort & Spa in Cedar Creek, Texas, for $275 million in June 2021 and the Hotel Commonwealth in Boston for $113 million in November 2020.
Ohana Real Estate Investors sold the Montage Healdsburg in Healdsburg, California, in April 2021 to Sunstone Hotel Investors for $265 million. It was California’s highest-priced hotel deal for the year.