Four Seasons, Alcion Ventures and Bald Mountain Development Announce Plans for Luxury Resort and Residences in Napa Valley
New Four Seasons in California’s premier wine region set to open in 2018
TORONTO -- Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, Alcion Ventures, and Bald Mountain Development today announced plans for a new luxury resort in Napa Valley. Slated to open in early 2018, the resort will feature 85 guest rooms and 20 Private Residence villas.
Commenting on the project, J. Allen Smith, President and CEO, Four Seasons Hotels and Resorts said, "As we extend our presence in California, having a property in Napa Valley, a preferred destination for our luxury guests, is essential. This is a unique opportunity to combine a privately-owned and operated winery and vineyard with a world-class luxury resort. We look forward to working with Alcion and Bald Mountain to bring Four Seasons legendary quality and service to Napa Valley."
Speaking to the development, Martin Zieff, Managing Partner at Alcion Ventures, owner and developer of the resort in partnership with Bald Mountain Development, said, "We set out almost a decade ago to find this kind of opportunity in Napa Valley. Reaching this point is the result of the hard work and passion that Four Seasons and many individuals bring to the partnership."
"This is Bald Mountain's third project with Alcion, and our first with them in Wine Country," said Kelly Foster, principal at Bald Mountain. "Together with Four Seasons, all partners share a complementary vision that will bring true luxury to Napa Valley and create the finest grape-to-glass five-star resort."
The project will feature one and two story residence villas managed by Four Seasons. Each will include multiple master suites, an owner's wine cellar, as well as luxuriously appointed indoor and outdoor dining and entertainment spaces. Owners will enjoy access to the full range of amenities the resort has to offer such as three unique food and beverage offerings, multiple pools, a state of the art fitness centre, as well as a world-class spa, featuring the natural geothermal waters unique to the Calistoga region. Blending indoor and outdoor living, the resort will also feature an event barn and 12 indoor and outdoor meeting and event spaces. For more information please visit: http://napaluxuryliving.com/
About Alcion Ventures
Alcion Ventures is a Boston-based real estate private equity firm that seeks to create value through the acquisition, repositioning, redevelopment, or development of real estate assets and by forming strategic relationships with experienced operating partners. The Napa Valley project is Alcion's third Four Seasons branded project. Alcion recently closed its third fund with over $542 million of equity commitments from a diversified investor base, including major United States and Canadian pension funds, endowments, foundations, and family offices.
About Bald Mountain Development
Bald Mountain Development is a boutique resort development firm based in Aspen Colorado and Napa Valley, California, whose principals, David Parker and Kelly Foster, have developed luxury resort properties throughout the U.S. and Mexico.
About Four Seasons Hotels and Resorts
Founded in 1960, Four Seasons Hotels and Resorts is dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 111 hotels and resorts, and 41 residential properties in major city centres and resort destinations in 47 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world's best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.