Updated Oct 29, 2024
Ohana Real Estate Investors Acquires Claremont Club & Spa In Berkeley For $163.3M
41 Tunnel Rd, Berkeley, CA 94705, United States
$163,300,000
Building Size
—
Asset Type
Hotel
Closing
May 15, 2023
About this deal
AI
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.
The hotel sale at 41 Tunnel Rd, Berkeley, CA 94705, United States in Los Angeles, California sold for $163.3M in 2023. 41 Tunnel Rd, Berkeley, CA 94705, United States is classified as Hotel on Traded. Named participants on the 41 Tunnel Rd, Berkeley, CA 94705, United States sale are David Zimmerman. This page is the Los Angeles, California file for the 41 Tunnel Rd, Berkeley, CA 94705, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles hotel set by closing date to see what else sold near 41 Tunnel Rd, Berkeley, CA 94705, United States around 2023. Published consideration for 41 Tunnel Rd, Berkeley, CA 94705, United States is $163.3M, dated 2023. Cite this Ohana Real Estate Investors Acquires Claremont Club & Spa In Berkeley For $163.3M sale when underwriting similar hotel product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93