Yountville's Vintage Estate sells for $148 million, possibly Napa Valley's highest real estate price

By
Real Estate Agent with Better Homes & Gardens Wine Country Group DRE # 00770113

Villagio Inn & Spa, Yountville, Napa ValleyYountville's Vintage Estate, Napa Valley's premier hotel, restaurant and shopping site has sold for $148 million. The property was bought on April 26th  by Thayer Lodging, Brookfield Hotel Properties of Maryland. The new owners will keep the Vintage Estate name and it will remain open and fully operational throughout the transition.

V1870 balloons

 

Owned by the Egan, Ghilotti and Sandbach families, the property is situated on 22 acres in the heart of Yountville and includes the Villagio Inn & Spa; the Vintage Inn;, the V Marketplace shops, Michael Chiarello’s Bottega and Napa Style and the Vintage Wedding Facility called the Pavilion.

 

scan0010If you ask me the new buyers got one heck of a deal. I truly felt the price would have been $100 million higher given recent hotel sales with prices of more than $1 million per room. Between Villagio Inn & Spa and the Vintage Inn there are 192 rooms. Given this and the always booked wedding facility, the V Marketplace shopping center, the amount of land and location, I truly expected a much higher price for the Vintage Estates.

Bardesonno sign

 

Some of the recent sales here in the last two years include Yountville's Bardessono hotel which sold for $85 million, $1.37 per room, and the Calistoga Ranch at an estimated $50 million, just over $ 1 million per. Other recent hotel sales , the Carneros Inn for $62 million, the Harvest Inn in St. Helena for $55 million and the Andaz Napa for $72 million.

 

Check back and I will let you know what if any changes occur. My guess, they will totally remodel all the hotel rooms for the property, though extremely nice, was showing a little wear. What else they do will be interesting to anticipate.

Posted by

If I can help you find the perfect Napa Valley property, please contact me

Your Napa Valley Broker Extraordinaire, selling Real Estate here from its heart, Yountville

My website & blog: www.NapaValleyAddress.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Local News and Events
Location:
California Napa County Yountville
Groups:
ActiveRainWiners
AR Wine Connoisseurs
Bartender, Make it a Double
The Art Of Marketing You
The Lounge at Active Rain

Spam prevention
Show All Comments
Rainmaker
3,571,834
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Curtis, I hope you are selling some of these, 2 or 3 and you could take off the  rest of the year.

May 08, 2016 01:58 AM #1
Rainmaker
1,281,880
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Will

I had a buyer but this company got bought out right about the time this came on market about 8 months ago and the new owners didn't want this due to the retail. FYI, they do not pay a selling commission in these type of deals here. cheers cvc

May 08, 2016 03:48 AM #2
Rainmaker
1,434,894
Yolanda Cordova-Gilbert
Richmond, TX

Curtis,

 Wow! That does sound like a steal not that I have that kind of money but gotta love a bargain! Have a great SUnday!

May 08, 2016 04:23 AM #3
Rainmaker
1,281,880
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Yolanda

I truly expected at least $250 M. They supposedly got 7 legitimate bids so the market spoke. I have to presume the rooms and all was a bit more run down they I thought. cheers cvc

May 08, 2016 05:09 AM #4
Rainmaker
2,051,414
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

I think this is probably a real deal for the new owners. As you said it will be interesting to see what the new owners do to change the landscape.  

May 08, 2016 07:11 AM #5
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Curtis.  Thanks for the information and your take on the sale of the Vintage Estate.

May 08, 2016 09:31 PM #6
Rainmaker
1,281,880
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Bob

It will be, cheers cvc

May 08, 2016 11:58 PM #7
Rainmaker
1,281,880
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Gabe your welcome and cheers cvc

May 08, 2016 11:59 PM #8
Rainmaker
2,051,414
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Hi Curtis, Have an outstanding week and Cheers to you.. 

May 10, 2016 06:14 AM #9
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?