Updated Oct 29, 2024
Jackson Family Wines Acquires Vintner's Resort In Santa Rosa For $42M
4350 Barnes Rd, Santa Rosa, CA 95403, United States
$42,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 1, 2023
About this deal
AI
An investment group led by Barbara Banke, chairman of Jackson Family Wines, has acquired the 78-room Vintner's Resort in Santa Rosa for around $42 million. The property includes the hotel, event spaces, and extensive gardens and vineyards.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $42,000,000 (Approx.)
- Address: 4350 Barnes Road - Vintner's Resort, Santa Rosa
- Market: Santa Rosa
- Buyer: Jackson Family Wines - Barbara Banke
- Seller: Carano Family
- Keys: 78
- Price Per Key (PPK): $538,462
The acquisition of the Vintner's Resort was made by Barbara Banke, the chairman of Jackson Family Wines, on behalf of an investment group. This deal expands the portfolio of Jackson Family Wines, adding a 78-room hotel, event spaces, and extensive gardens and vineyards in the Santa Rosa market.
Players
Santa Rosa Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93