Blackstone has acquired the Stanly Ranch resort in Napa Valley through a foreclosure sale.
The New York-based investment firm purchased the Auberge Resorts Collection property at auction Friday after its previous owners defaulted on a loan of about $220 million, according to Scott Trebilco, senior managing director at Blackstone Real Estate.
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The sale follows earlier signs of financial trouble at the luxury resort. Documents filed in October in Napa County showed the ownership group had been notified of default on more than $230 million tied to the roughly 700-acre property.
Stanly Ranch opened in 2022 on Napa Valley’s southern edge. Originally founded in 1856 by Judge Edward Stanly, the property includes 135 guest rooms, as well as villas and vineyard homes, along with dining venues, three outdoor pools and a large wellness complex…