Mar
06
Napa Valley Hotel Sells for $1.2M per Key
ByYountville, Calif.—Ashford Hospitality Prime Inc., of Dallas, has entered into a definitive agreement to buy the 80-room Hotel Yountville in Yountville for $96.5 million, or $1.2 million per key.
Yountville is about 60 miles north of San Francisco and is known as the “Culinary Capital of the Napa Valley,” with its restaurants reportedly earning more Michelin stars per capita than any other place in North America.
The Hotel Yountville was built in 1998 and in 2011 underwent an expansion and renovation that upgraded all existing guest rooms and added 29 more, as well as a restaurant, spa, meeting and event space, an outdoor pool, and lounge patio…
Napa Valley Hotel Sells for $1.2M per Key
