
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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Real Estate