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Investors Acquire Berkeley Hotel in Richmond

Original Developer Sells Boutique Hotel for $100,000 Per Room
By Andrew C. Burr
July 18, 2007 | 10:57 P.M.

Golden Bear LLC, an investment partnership of brothers P. Steven and Michael Dopp, acquired the Berkeley Hotel in Richmond, VA, from 12th and Cary Associates for $5.5 million, or about $100,000 per room.

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News | Investors Acquire Berkeley Hotel in Richmond