The DoubleTree by Hilton at the Berkeley Marina has accrued nearly $700,000 in unpaid rent, significantly impacting the city’s budget and operations. Since halting its monthly payments of $82,000 in January 2024, the hotel's financial troubles have led to security staff cuts and postponed repairs. The lease with the city, running until 2080, originally provided substantial revenue. However, the ongoing debt and default risks threaten future funding for city services and infrastructure surrounding the marina.
The DoubleTree by Hilton at the Berkeley Marina owes nearly $700,000 in rent, leading to city budget strains and security cutbacks.
The hotel ceased its monthly payments of $82,000 in January 2024, exacerbating the city’s financial issues and jeopardizing essential repairs.
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