Gemstone Acquires Hotel Durant
Wednesday January 16th, 2013 - 12:36AM HO
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
BERKELEY, CA—Gemstone Hotels & Resorts acquired the Hotel Durant here.
According to the management company, the 144-room boutique hotel, located adjacent to the University of California Berkeley campus, is part of an expansion strategy.
“We aggressively are pursing other equity-based deals and are positioned to act quickly in the future when we can acquire and add immediate value,” said Thomas Prins, Gemstone principal. “For 2013, we are optimistic that our active pipeline will yield some exciting hotels in excellent locations.”
The hotel’s guestrooms feature Sealy pillow-top beds, 300-thread-count cotton linens, a choice of hypoallergenic or down pillows and comforters, blackout shades and ceiling fans. Amenities offered include laptop safes, iPod docking stations and certified organic robes.
Tags: • Hospitality • Ownership • Management Companies •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.