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For sale, again: Claremont Hotel

Wednesday, May 23, 2012

The landmark Claremont Resort and Spa in the Oakland hills, which has changed hands more times than some people change socks, is on the block again. Bloomberg says Paulson & Co., the New York-based hedge fund, and Winthrop Realty Trust have put the 279-room hotel on the market for $80 million. The Claremont and several other luxury hotels the hedge fund owns have been in bankruptcy for more than a year.

Add: Frances Dinkelspiel at Berkeleyside blogs that astute observers might have figured something was up:
Around lunchtime [today] men in dark business suits were wandering around the Claremont’s gym, contrasting sharply with people sweating in their spandex and shorts.

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