University of California Buys Ritz-Carlton for $193 Million: Other US Universities with High-Value Properties

University of California buys Ritz-Carlton for $193 million: Other US universities with high-value properties

University of California bought the Ritz-Carlton Hotel in Half Moon Bay for $193 million, adding to a growing trend of varsities buying high-value properties.

University of California buys Half Moon Bay’s Ritz-Carlton for $193 million – Yahoo Finance

University of California buys Half Moon Bay’s Ritz-Carlton for $193 million  Yahoo Financehttp://dlvr.it/TWDcGl

University of California buys Half Moon Bay’s Ritz-Carlton for $193 million

The University of California’s investment arm has purchased the Ritz-Carlton Hotel in Half Moon Bay for $193 million, but university officials have not publicly discussed their plans or management strategy.

University of California Acquires 261-Room Ritz-Carlton Half Moon Bay for $193MM From Strategic Hotels

The University of California's investment office has taken over the Ritz-Carlton Half Moon Bay for $193 million, closing a two-decade run of Wall Street and Chinese ownership at the oceanfront resort and deepening the university system's bet on Bay Area hotels.