Yountville’s Bardessono Hotel, Restaurant and Spa in Yountville is for sale. Though not public yet, the listing price for the 62-room luxury hotel property is thought to be between $65 to $75 million. The hotel opened in 2009 on land leased from the Bardessono family of Yountville. The property is adjacent Yountville’s Community Center located at 6526 Yount Street. Image from the Bardessono Hotel website, here is a link to their photo gallery.
Built in 2007 for an estimated cost of $46 million, the hotel is said to be in the absolute top tier of income generating hotels in Northern California according to Margaret Clapp. Clapp is one of four managing members of the hotel’s ownership group, Yountville Investors LLC.
Room rates range from $500 to $1,000 a night depending on the day of the week and month with the summer season being the peak. The hotel currently has 150 employees and is a LEED platinum certified establishment.
It is a true trophy property and has some of the most beautiful inner courtyards that I have ever seen at any hotel. One little forgotten tidbit, when it opened the toilets were all the Japanese paperless types which was not favored by the guests. I can assure the TP is now plentiful.
Please ask for my professional opinion of fair value for homes in Yountville or elsewhere in the Napa Valley based on 30 years of experience here. cheers cvc