Charles West
Elite Member
- Joined
- Sep 14, 2004
- Professional Status
- Certified Residential Appraiser
- State
- California
To my way of thinking, this is a good deal. 700 acres of prime Napa real estate for $200 million. Does anybody know which appraisal firm handled the valuation chores for Blackstone?
Stanly Ranch
Source: Murphy O’Brien, Inc.
1:46
Blackstone Inc. bought a luxury resort in California’s Napa Valley, extending a bet that booming demand for artificial intelligence will translate into real estate profits in San Francisco and the surrounding region.
Blackstone acquired Stanly Ranch, a luxury resort that is part of the Auberge Collection, at auction on March 27, after the previous owners defaulted on a $220 million loan. Blackstone had previously acquired a loan on the property and proceeded with a planned foreclosure, according to a person with knowledge of the matter.
The acquisition is Blackstone’s latest effort to purchase commercial property poised to benefit from the rapid growth of AI firms in the San Francisco Bay area. Last year, it acquired the Four Seasons Hotel San Francisco as well as a 25-story office building that it subsequently leased in its entirety to Anthropic.
Read More: Blackstone Bets on San Francisco Comeback With Luxury Hotel Deal
The Napa resort “is well-positioned to benefit from rising group and leisure demand for wellness and experiential travel, alongside the continued growth in corporate travel to the region as AI adoption accelerates,” Scott Trebilco, senior managing director at Blackstone Real Estate, said in a statement.
Stanly Ranch, which was developed by Nichols Partnership and Selby Development Group, opened in 2022 on more than 700 acres (280 hectares) in California wine country with 135 guest rooms as well as villas and vineyard homes for sale. The property, which includes three outdoor pools and 19,000 square feet (1,800 square meters) of meeting space, will continue to be managed by Auberge.
Blackstone has recently been a prolific purchaser of hotels, including the EAST Miami Hotel, the Sunseeker Resort in Port Charlotte, Florida, and the Kimpton Hotel Eventi in New York.
Blackstone Acquires Napa Valley Resort in a Foreclosure Sale
Stanly Ranch
Source: Murphy O’Brien, Inc.
1:46
Takeaways by Bloomberg AI
- Blackstone Inc. bought a luxury resort in California's Napa Valley, extending a bet that booming demand for artificial intelligence will translate into real estate profits.
- Blackstone acquired Stanly Ranch at auction on March 27, after the previous owners defaulted on a $220 million loan.
- The Napa resort is well-positioned to benefit from rising group and leisure demand for wellness and experiential travel, alongside the continued growth in corporate travel to the region as AI adoption accelerates.
Blackstone Inc. bought a luxury resort in California’s Napa Valley, extending a bet that booming demand for artificial intelligence will translate into real estate profits in San Francisco and the surrounding region.
Blackstone acquired Stanly Ranch, a luxury resort that is part of the Auberge Collection, at auction on March 27, after the previous owners defaulted on a $220 million loan. Blackstone had previously acquired a loan on the property and proceeded with a planned foreclosure, according to a person with knowledge of the matter.
The acquisition is Blackstone’s latest effort to purchase commercial property poised to benefit from the rapid growth of AI firms in the San Francisco Bay area. Last year, it acquired the Four Seasons Hotel San Francisco as well as a 25-story office building that it subsequently leased in its entirety to Anthropic.
Read More: Blackstone Bets on San Francisco Comeback With Luxury Hotel Deal
The Napa resort “is well-positioned to benefit from rising group and leisure demand for wellness and experiential travel, alongside the continued growth in corporate travel to the region as AI adoption accelerates,” Scott Trebilco, senior managing director at Blackstone Real Estate, said in a statement.
Stanly Ranch, which was developed by Nichols Partnership and Selby Development Group, opened in 2022 on more than 700 acres (280 hectares) in California wine country with 135 guest rooms as well as villas and vineyard homes for sale. The property, which includes three outdoor pools and 19,000 square feet (1,800 square meters) of meeting space, will continue to be managed by Auberge.
Blackstone has recently been a prolific purchaser of hotels, including the EAST Miami Hotel, the Sunseeker Resort in Port Charlotte, Florida, and the Kimpton Hotel Eventi in New York.