Gemstone Acquires Hotel Durant
Wednesday January 16th, 2013 - 12:36AM HO
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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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.