University of California Investment Arm Buys 331-Room Hotel in Berkeley for $175.8MM

By The Registry Staff A prominent East Bay hotel has traded hands at a discount from its appraised value. UC Investments, the University of California's investment arm, has purchased the 331-room Residence Inn Berkeley for $175.8 million, or about $531,100 per room, through an all-cash transaction, according to a report from The Mercury News. The […]