The Plumpjack Group, who former San Francisco mayor, Gavin Newson is one of the better know partners, has sold the Carneros Inn for a reported $60,000,000. The Inn is a unique mix of 86 private suits of various sizes and 24 private homes. This is what’s know as a fractional shares ownership. Here is a link to their website for more about ownership information.
In November, Auberge Resorts and a group of partners, including vintner Bill Foley, purchased Calistoga Ranch, a 50-room boutique resort, from Olympus Real Estate for an estimated $50 million.
Napa’s 141-room Andaz hotel and a sister property in Savannah, Georgia, were sold this past October for a total of $115 million by Inland American Real Estate Trust Inc. of Oak Brook, Illinois.
In January, Napa Valley hotelier Rick Swig sold the Harvest Inn in St. Helena to Palmer-City-Core Hotels LLC for $55 million.
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