Portfolio Items

Recovery in San Jose badly trails other Western cities By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News GroupPUBLISHED: May 22, 2023 at 5:30 a.m. | UPDATED: May 22, 2023 at 3:50 p.m. The Bay Area’s hotel industry is still struggling to rebound from coronavirus-linked shutdowns, even as the lodging sector outside the region has flourished. And not everyone is in agreement…

Opinions Vary on Impact of Banks Collapsing PACE Financing an Opportunity for Some LOS ANGELES — The state of the financial markets and lending have been hot-button topics in the hospitality industry after three regional U.S. banks collapsed over the past three months. Lenders and hospitality executives at the 2023 Meet the Money national hotel…

OAKLAND — The Claremont Club & Spa, an iconic hotel perched in the hills on the Oakland and Berkeley border, has been bought by a Bay Area real estate developer in a deal that tops $160 million. The hotel, part of the Fairmont chain, was bought for about $163.3 million, according to documents filed on…

Blackstone nears $950M refi on Hotel del Coronado in San Diego Barclays leading CMBS deal on 1880s hotel Blackstone is nearing a $950 million deal to refinance its historic Hotel del Coronado in San Diego, The Real Deal has learned.  Barclays is leading a commercial mortgage-backed securities package that will be backed solely by the 757-key hotel,…

Several new liquor license applications related to the 276-room hotel, 41 Tunnel Road in Berkeley, indicate that Redwood City-based developer and investor Ohana Real Estate is in the process of acquiring the hotel. The luxury Fairmont Hotel chain and financier Richard Blum, the late husband of Sen. Dianne Feinstein, bought the hotel nearly a decade…

Redwood City investor pays unknown price for the 276-room property appraised at $183 million MAY 10, 2023, 11:38 AMBy TRD Staff Ohana Real Estate is buying the 108-year-old Claremont Hotel & Spa, which straddles Berkeley and Oakland.  The Redwood City-based investor is acquiring the 276-room hotel at 41 Tunnel Road in Claremont, the San Francisco Business Times…