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Newly opened Four Seasons Napa Valley resort sells for near-record price

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Four Seasons Napa Valley

Calistoga's Four Seasons Resort Napa Valley, also known as 400 Silverado Trail, officially opened Nov. 1.

The recently opened resort at 400 Silverado Trail in Calistoga, also known as Four Seasons Resort and Residences Napa Valley, will soon be under new ownership.

Irvine-based Sunstone Hotel Investors Inc. is purchasing the 85-room hotel from Boston-based property fund manager Alcion Ventures for about $175 million.

The deal is expected to close before the end of the year, and the price of $2.1 million per key would amount to the second-biggest U.S. hotel deal ever, surpassed only by Hyatt Hotels Corp.’s acquisition of the Ventana Big Sur resort this summer at $2.5 million per key, according to reports in the Wall Street Journal and San Francisco Business Times.

Though the property will change hands, it will still be managed by the Four Seasons.         

“We are pleased to have been acquired by Sunstone Hotel Investors, Inc. This is a testament to the special nature of our new resort, located within a working winery in Napa Valley’s charming Calistoga,” Four Seasons said in a statement. “Four Seasons Hotels and Resorts will continue to operate Four Seasons Resort and Residences Napa Valley under a long-term management agreement.”

The deal is expected to close within the next month.

The resort had been under construction for nearly a decade and officially opened on Nov. 1. Rooms start at about $1,200 per night.

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You can reach Cynthia Sweeney at 942-4035 or csweeney@weeklycalistogan.com.

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