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Hotel Yountville in Napa Valley selling for $96M

Published Thursday March 2

A Dallas-based hospitality company plans to buy the 80-room Hotel Yountville for $96.5 million.

Ashford Hospitality Prime, a genuine estate investment trust focused on investing in luxury hotels and resorts, also acquired the nearby Bardessono Hotel & Spa, in Yountville, in 2015.

The deal is expected to close within sixty days.

“The acquisition of the highly-acclaimed Hotel Yountville fits perfectly with Prime’s likely strategy of owning luxury hotels and resorts,” stated Richard J. Stockton, Ashford Prime’s CEO, in the announcement Wednesday.

Article length: About 220 words.
Tags: Yountville

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