I've been spending some time at Berkeley this quarter, and have twice stayed at the Graduate Hotel adjacent to the campus, Graduate Berkeley. The Graduate chain of hotels has a business model in which they purchase an old hotel (in Berkeley it was the Durant), and update it in various ways. (As far as I can tell, every room has a poster from the movie The Graduate.) They also feel free to take swipes at neighboring universities: a restroom off the lobby of the Berkeley hotel includes some Stanford signage.
I notice that a Graduate hotel has recently opened in Palo Alto, near Stanford. I'll have to stop there for a drink sometime.
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