Aug. 20, 2013

Luxury Resort and Downtown Hotel: Napa’s Latest Sales

Luxury Resort and Downtown Hotel: Napa’s Latest Sales

One Napa property changes hands between owners as another is listed.

The Carneros Inn, a luxury resort valued at $60 million, is currently for sale, as the Andaz Hotel’s $70 million sale remains pending downtown, according to an industry newsletter.

The 27-acre Carneros Inn property does not have an identified seller, but is currently owned by Carneros Inn LLC, according to County Assessor documents. Managed by the PlumpJack Group, the luxury inn includes a variety of units of several sizes, as well as private homes, reportedly valued at over $1 million according to the 2004 Napa Valley Register.

To stay at one of the resort’s 86 units, guests pay between $400 and $2,500 per night. Equip ped with cottages, private homes, a conference center, pools, pavilions and a restaurant, the Carneros Inn has something for everyone.

The Carneros Inn is not the only regional competitor, however. With a total of 141 rooms, the Andaz Hotel is sure to host a variety of future visitors. Having originally opened in 2009 as an Avia brand hotel, the inn has also undergone a variety of changes to best suit guests’ needs. While the hotel’s new buyer has not been publicized, the deal is pending.

As sales continue within the San Francisco area, hotels are set to match the $867 million brought in regionally last year. The change is earning attention, as it greatly contrasts the minimal hotel construction since 2008 and the limited growth.

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