Bankruptcy Case Pushes Berkeley, Calif., Resort Toward Auction

The Claremont Hotel Club & Spa—which has a Berkeley, Calif., mailing address, although most of the property is over the border in Oakland, Calif.—is due to head to auction on Nov. 8. The current ownership, a group of investors led by private equity firm Paulson & Co., seized the historic hotel (along with four other notable luxury properties) out of foreclosure in January, placed it in bankruptcy in February and put it up for sale for $80 million in May. No buyers came forward, however, and now one of the major creditors in the bankruptcy case, the Government of Singapore Investment Corp., is pushing for the auction. The Four-Diamond hotel opened in 1915 and features 279 guest rooms and 30,000 sq. ft. of meeting space. berkeleyside.com