BERKELEY, CA/PARK CITY, UT—Gemstone Hotels & Resorts, a full-service hotel management company that specializes in owning and operating luxury and upscale urban hotels and resorts, has acquired the Hotel Durant in Berkeley Calif. The 144-room boutique hotel is adjacent to the University of California Berkeley campus.
“Hotel Durant is an outstanding addition to Gemstone's growing collection of 'one-of-a-kind' hotels in top destination markets with high barriers to new entry,” said Thomas Prins, Gemstone principal. “A boutique hotel set amidst a vibrant university campus meshes perfectly with the rest of our portfolio and allows us to meet the needs of our guests for an intimate, luxury experience in the greater San Francisco area.”
Gemstone's portfolio of major market boutique hotels also includes Maison 140 in Beverly Hills, the Mosaic in Los Angeles, the Copley Square Hotel in Boston and The Carlton in New York.
According to Prins, the deal was signed and closed in just 30 days.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
