Less than a year after being served with a $230 million delinquency notice, Napa’s luxurious Stanly Ranch resort has found a new owner. The foreclosure auction that was going to take place on Feb. 27 on Napa’s courthouse steps was moved to March 27. Bloomberg first reported that New York-based Blackstone Inc. — the “world’s largest alternative asset manager” — scooped up the property that day.
The Napa Valley Register reported that Blackstone acquired the property, which ended up falling $243.6 million in debt, for $195 million.
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