$50 Million Paid for Napa's Calistoga Ranch?

November 3, 2014

$50 Million Paid for Napa's Calistoga Ranch?
 
I absolutely adore Napa’s Calistoga Ranch, and apparently, I am not alone in my feelings. In fact, Auberge Resorts and a group of partners including vintner Bill Foley of the Foley Food & Wine Society made history recently by purchasing the 50-room boutique resort and setting the sales record for the highest price paid per room in the nation.

Although the final purchase price was not disclosed, it is reported that the group paid more than $1 million per room. That amount is not surprising when you consider that guests pay some of the highest overnight rates in California to stay at the premier property.
“The Calistoga Ranch experience coupled with the cachet of Napa and its excellent underlying market supply and demand fundamentals have enabled Olympus to maximize the sale price,” explained a press release regarding the sale.

Featuring 50 rooms that are actually separate, freestanding contemporary guest lodges, Napa’s Calistoga Ranch, a 5-star resort, is set in a secluded 157-acre canyon in the Upvalley.

Photo Source: westuniversitytravel.com 

Guests appreciate the oak and eucalyptus tress that surround the property along with the pristine forest views and private outdoor garden showers. There’s also an exclusive Bathhous spa, the beautifully romantic private Lakehouse Restaurant, a cabernet vineyard, wine cave, hiking trials, a yoga and meditation deck and much more.

A number of other Napa properties have sold recently, including the Archer Napa Hotel, expected to be the catalyst for the revitalization of downtown Napa, raising property value with all the lux amenities planned.

If you are looking for the perfect investment in Napa Valley, be sure to take a look at my comprehensive website. I can be reached at 415.516.3939 or via email at Ginger@GingerMartin.com. Meantime, please LIKE me on FaceBook!


Header Photo Source: internationaltraveller.com 


 

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With 2 billion dollars in sales combined with her unique focus on Wine Country luxury real estate, Ginger Martin's insight and expertise are unparalleled. Her sales portfolio of luxury homes, vineyards, and estates are exceptional. Ginger Martin possesses a track record shared by very few real estate professionals globally. Ginger’s distinguished clients greatly benefit from her extensive experience.