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 •
As we begin 2015, and what is expected to be a healthy year for the hotel industry with expansion, progress and innovation as key catalysts for growth, Hotel Business is right on board with that momentum, bringing you, with this issue, our own updated product.