Tuesday, July 03, 2012

Renovated Hotel Berry

Hotel Berry, 729 L Street, Sacramento, CA 95814
Last spring, the 83-year-old Hotel Berry began renovations at a cost of $24.5 million to completely renovate and modernize the historic hotel. The depression-era six-story mixed use hotel had fallen into severe disrepair, but after being bought by Jamboree Housing Corporation in 2007 for $5 million, the agency was able to finance the project with $13.6 million in tax credit equity, $10.1 million in permanent financing from Sacramento Housing and Redevelopment Agency and $500,000 in federal weatherization funds. U.S. Bank provided $5.5 million in construction financing.

Hotel Berry, 729 L Street, Sacramento, CA 95814 - 1926
The historic hotel was built in 1929; the Berry was once a functioning hotel but has been used as low-income housing for single occupants since the 1960s. At that time, there were about 2,300 single-room occupancy apartments in the city. With 104 Single Room Occupancy (SRO) studios and a manager’s unit, the total cost break down per room is $240,000 per unit to renovate.  The hotel is scheduled for completion in the next 4 to 6 weeks and now called The Studios at Hotel Berry.

Hotel Berry, 729 L Street, Sacramento, CA 95814




Hotel Berry, 729 L Street, Sacramento, CA 95814 - 1926

5 comments:

  1. At 240,000 per unit someone within this financing fiasco just got rich.

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  2. I love that even though they did do a lot of hotel renovations they were able to keep it somewhat authentic and make it sill a little vintage looking. They did a great job at touching it up and making it look great! It looks like a great and fun hotel to stay at! Me and my husband love staying at classic hotels such as this one!

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  3. Hate to break it to you Suzy but the Hotel Berry is no longer a hotel even though Hotel is in the name. It's now for low income people. Monthly rent will be between $394 and $591... http://sacselfhelp.org/sshh/images/hotel%20berry.pdf

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  4. Love the pictures of the vintage sac buildings... And glad at least they are using these buildings for something other than scrap

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  5. How long did it take to do the hotel renovations? I'm guessing that with something as big and old as this hotel it would take some time.

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