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Jagdeep Singh Bachher Of UC Investments Acquires Residence Inn Berkeley From Warren Fields For $175.8M

Property Image
SOLD
$175,800,000
WF
Jagdeep Singh Bachher

California

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Hotel
Sold 10/15/2025
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SOLD

Jagdeep Singh Bachher Of UC Investments Acquires Residence Inn Berkeley From Warren Fields For $175.8M

2121 Center Street

See Similar Deals
Hotel
Sold 10/15/2025
WF
Jagdeep Singh Bachher
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale

The Residence Inn Berkeley, a hotel asset located at 2121 Center Street in Berkeley, has been sold for $175.8 million, translating to approximately $531,000 per key for its 331 keys. This transaction adds a valuable property to the University of California’s extensive portfolio, which is valued at $190 billion.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $175,800,000
  • Buyer: Jagdeep Singh Bachher - UC Investments
  • Seller: Warren Fields - Pyramid Global Hospitality
  • Keys: 331
  • PPK: $531,118

Jagdeep Singh Bachher represents UC Investments in this acquisition, while Warren Fields represents Pyramid Global Hospitality in the transaction. The deal positions the University of California to potentially repurpose the hotel for student housing, an initiative under consideration for the downtown Berkeley location.

Players

Jagdeep Singh Bachher
Jagdeep Singh Bachher
2 deals$175.8M volume
BUYER
WF
Warren Fields
3 deals$269.2M volume
SELLER
PH
Pyramid Global Hospitality
SELLER

Details

SOLD
IMAGE: Jagdeep Singh Bachher & Warren Fields DATE: 10/15/2025 ADDRESS: 2121 Center Street - Residence Inn Berkeley MARKET: Berkeley ASSET TYPE: Hotel BUYER: Jagdeep Singh Bachher - UC Investments SELLER: Warren Fields - Pyramid Global Hospitality SALE PRICE: $175,800,000 KEYS: 331 ~ PPK: $531,118 NOTE: UC Investments acquired the 331-key Residence Inn Berkeley from Pyramid Global Hospitality for $175.8 million in cash, or about $531,000 per key.The deal, below replacement cost, adds another Bay Area asset to the University of California’s $190 billion portfolio as it considers converting the downtown Berkeley hotel for student housing use.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$624,580.26
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