Daily limit: 0/10
Ohana Real Estate Investors Acquires Claremont Club & Spa In Berkeley For $163.3M
SOLD
$163,300,000
California
See Similar DealsHotel
Sold 05/15/2023
SOLD
Ohana Real Estate Investors Acquires Claremont Club & Spa In Berkeley For $163.3M
41 Tunnel Rd, Berkeley, CA 94705, United States
See Similar DealsHotel
Sold 05/15/2023
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale
The Claremont Club & Spa, located in the Oakland-Berkeley hills, has been acquired by Ohana Real Estate Investors for a price exceeding $160 million. The renowned hotel, situated on 41 Tunnel Road, was purchased from Blum Capital Partners and Fairmont Hotels & Resorts.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $163,300,000
- Address: 41 Tunnel Road
- Market: Berkeley
David Zimmerman of Ohana Real Estate Investors represented the buyer in this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$580,170.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$774,125.31
Annual Debt Service$9,289,503.74
Is there something missing? Send suggestions