BERKELEY, CA-FRHI Hotels and Resorts has has plans to acquire Claremont Hotel and Spa, according to local media outlet Berkeleyside.
FRHI (Fairmont Raffles Hotels International), a Toronto-based company owned by investors in Saudi Arabia and Qatar, will take complete possession of the resort by Feb. 28, according to a memo which was obtained by Berkeleyside. FRHI owns the Fairmont Hotel in San Francisco and many luxury resorts around the world including the Raffles chain, (the Raffles in Singapore is considered its flagship hotel) and Swissôtel.
Berkeleyside said FRHI officials declined to comment on news that it had acquired the Claremont. The deal has not yet closed, according to the memo.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
