May 16, 2023SFGATE

Historic Berkeley hotel Claremont Club & Spa sold for $163M

Ohana Real Estate Investors purchases historic hotel in an all-cash deal. 

Claremont Club & Spa

The Claremont Club & Spa, the palatial 276-room hotel in the Berkeley Hills, has sold to a local real estate investment firm for about $163.3 million, according to the East Bay Times.

Toronto-based FRHI Hotels & Resorts, which owns the Fairmont Hotel brand, sold the Claremont to Redwood City-based investors Ohana Real Estate in an all-cash deal. 

The Claremont has frequently changed hands during its 108-year legacy. The Tudor chateau has a history of sales and competing visions, including a now-ill-fated proposal to transform the Claremont into 45 condos.

FRHI Hotels & Resorts purchased the hotel for $86 million in 2014 for an extensive renovation that nearly doubled its value. 

Ohana Real Estate lists a luxurious portfolio of resorts and hotels on its website, including the Four Seasons Silicon Valley in Palo Alto, California; Harvest Inn in St. Helena, California; and the Mark Hotel in New York City.

Built in 1915, the Claremont sits on a 22-acre hillside and features a luxury spa and private health club with more than 1,500 members.