UC system buys five-star luxury hotel resort on San Mateo County coast

HALF MOON BAY The University of California system bought its second notable hotel in just over a year with the purchase of The Ritz-Carlton along the San Mateo County coastline in Half Moon Bay, documents filed on Oct. 20 with the San Mateo County Recorder s Office show. Acquired for $192.9 million, the buyer was an affiliate based at the downtown Oakland headquarters of the University of California Office of the President, where the university s real estate unit also is located. The deal for the 261-room resort at 1 Miramontes Road marks the second time in a roughly one-year span that a University of California affiliate bought a large hotel in the Bay Area, also at a discounted price. The Ritz-Carlton in Half Moon Bay was bought for roughly 20% less than its assessed value of $241.8 million. In October 2025, a University of California affiliate paid $175.8 million for the 331-room Residence Inn Berkeley at 2121 Center St. in the downtown district. In 2023, the 16-story hotel was ap