Glen Allen’s Kalyan Hospitality has acquired the Berkeley Hotel in downtown Richmond for an undisclosed amount.
In 2019, the Berkeley Hotel was acquired by Apple Hospitality REIT Inc., a Richmond-based real estate investment trust, for $7 million.
Kalyan Hospitality is a Virginia-based company, founded in 1996, with a portfolio of 26 hotels, including Courtyard by Marriott at Scott’s Addition, Residence Inn by Marriott at Short Pump and Home 2 Suites by Hilton in Roanoke.
The Berkeley Hotel has 55 rooms offering a total of 4,000 square feet of meeting and event space. Planning is already underway for a full renovation of the property starting in the spring of 2023, which will be the first major alteration to the property in more than a decade, according to Kalyan.
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Located at 12th and East Cary streets, the Berkeley Hotel was opened in 1988 by Alan Manners Voorhees, an influential urban planner and civil engineer who turned to development later in life. Voorhees died during a visit to the hotel in 2005 at the age of 83.
The hotel was designed to be architecturally similar to the buildings around it in the historic Shockoe Slip and in the style of a European boutique hotel. It is named after Berkeley Castle in England and the Berkeley Plantation in Charles City County.
This is the first boutique hotel in downtown Richmond and the company’s second boutique hotel. In 2019, the company acquired the historic Blackstone College for Girls, which has been completely refurbished and will open next month as the Inn at Blackstone.
“I am thrilled to have the opportunity to own such an iconic building and embrace the historic neighborhood it represents while providing world-class accommodation,” Nick Patel, owner of Kalyan Hospitality, said in a statement. .
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