FRHI, Blum family acquire Claremont Hotel in Berkeley, Calif.

Back in January there was speculation that FRHI Hotels & Resorts would buy the Claremont Hotel Club & Spa in Berkeley, Calif. Now it's official. FRHI, the parent company of hotel brands Raffles Hotels & Resorts, Fairmont Hotels & Resorts and Swissotel Hotels & Resorts, together with California financier Richard C. Blum and his family, have purchased the historic hotel for an undisclosed sum.

The new owners reportedly will begin work on a multimillion-dollar capital investment project to update the hotel's facilities and enhance the Claremont's architecture. Once the revitalization work is complete, the hotel will join the Fairmont Hotels & Resorts collection.

"Growth continues to be one of our top priorities, so we are extremely excited to be adding an asset as attractive as the Claremont," said Kevin Frid, president, Americas, FRHI Hotels & Resorts. "We see this as an opportunity to grow one of our leading brands with the right product, in the right market, and firmly believe the hotel is a perfect complement to many of the other celebrated hotels in the Fairmont Hotels & Resorts portfolio."

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Built in 1915, the Claremont has 279 guestrooms and suites and is situated at the base of the Claremont Canyon Regional Preserve, overlooking San Francisco Bay.

The Claremont joins five other FRHI properties in California. They include The Fairmont San Francisco, The Fairmont San Jose, The Fairmont Sonoma Mission Inn & Spa, The Fairmont Newport Beach, The Fairmont Miramar Hotel & Bungalows in Santa Monica, and the Fairmont Heritage Place, Ghirardelli Square.

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