Gemstone hotels & resorts acquires Hotel Durant.

• Position: WASATCH/SUMMIT AREA

Park City--GEMSTONE HOTELS & RESORTS acquired the Hotel Durant in Berkeley, Calif. The 144-room boutique hotel is adjacent to the University of California Berkeley campus.

"Hotel Durant is an outstanding addition to Gemstone's growing collection of one-of-a-kind hotels in top destination markets with high barriers to new entry," says Thomas Prins, Gemstone principal. "A boutique hotel set amidst a vibrant university campus meshes perfectly with the rest of our portfolio and allows us to meet the needs of our guests for an intimate, luxury experience in the greater San...