HVS Capital Corp (HVSCC) is pleased to announce that it exclusively arranged the sale of the Hotel Durant in Berkeley, California.
The historic Hotel Durant comprises 144 guest rooms, a food and beverage outlet, and over 2,600 square feet of meeting and banquet space. The property is located adjacent to the University of California at Berkeley campus and proximate to the newly-renovated California Memorial Stadium.
According to Bill Sipple, Executive Managing Director of HVS Capital Corp, “This transaction demonstrates the appeal of university-related hotels that capture a steady stream of lodging demand.” He added, “Given the challenges inherent with the physical plant of a historic hotel in a market with high barriers-to-entry, this was a complex deal.” HVSCC has extensive experience with university-related hotels, having sold several of these properties in the past year.
HVS Capital Corp