business-and-real-estate25 minutes ago
UC System Acquires Half Moon Bay Ritz-Carlton for $193M in Second Major Hotel Purchase
The University of California system purchased the 261-room Ritz-Carlton resort in Half Moon Bay for $192.9 million, marking its second large-scale hotel acquisition in the Bay Area within a year. The deal, finalized in October 2026, was executed at a discount to the property's assessed value and follows a similar purchase of the Residence Inn Berkeley in late 2025. Both transactions were completed in all-cash deals by UC affiliates, signaling a strategic expansion of the university system's real estate portfolio in the region.