RobertDouglas Advises on the $51 Million Acquisition Financing of the Napa Wine District’s Hotel Yountville
New York, NY – RobertDouglas announced today that it advised Ashford Hositality Prime, Inc in securing a $51 million non-recoursesenior mortgage to finance their acquisition of the 80-room Hotel Yountville with a national commercial bank.
Located in the heart of downtown Yountville, the culinary epicenter of Napa Valley, the property is within easy walking distance to the region's most celebrated restaurants, including The French Laundry.
"The low leverage financing request backed by a publicly traded institutional sponsor uniquely coupled with the management synergies of the recently acquired Bardessono Hotel and Spa located less than half a mile away attracted strong interest among lenders," noted Chris Ropko, Managing Director at RobertDouglas.
"The acquisition price and resultant loan per key also compared favorably to market data points, remarked Robert Stiles, Principal and Managing Director at RobertDouglas.
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry's pre‐eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert‐douglas.com or go to www.robert-douglas.com.
Douglas Hercher
Managing Director & Principal
+1 (212) 993-7424
