G. Jeffrey Records, Jr. Of MidFirst Bank Acquires Hotel In Jenner For $37.4M

The Timber Cove Resort, a hotel located at 21780 North Coast Highway 1 in Jenner, California, is a 46-room establishment. Recently sold for $37,400,000, this property was originally built in the 1960s and underwent renovations in 2016. The price per key for this asset is reported to be $813,043.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $37,400,000
• Address: 21780 North Coast Highway 1, Jenner, CA
• Market: Jenner, CA
• Seller: Ironwave Hospitality
• Buyer: G. Jeffrey Records, Jr. - MidFirst Bank - Snowmass Creek Capital
• Keys: 46
• PPK: $813,043

Jeff Records, CEO of MidFirst Bank, leads Snowmass Creek Capital, the family office involved in this acquisition. The new owner is expected to announce plans for further upgrades to the property’s design and guest experience in the coming months.