RobertDouglas Advises Chartres Lodging On Acquisition And Redevelopment Financing Of Dr. Wilkinson’s Hot Springs Resort In Calistoga, Napa County, California
San Francisco, CA - RobertDouglas announced today that it advised The Chartres Lodging Group in securing acquisition and redevelopment financing for its purchase of Dr. Wilkinson's Hot Springs Resort in Downtown Calistoga, California. Chartres Lodging is a San Francisco-based hotel investment company with a deep expertise in executing value-add hotel transformations. The floating-rate financing was provided by a leading alternative credit manager focused on high-quality, floating-rate debt.
"The loan was structured to facilitate the acquisition and renovation of this landmark property along the main thoroughfare through the center of Calistoga," noted Rob Stiles, a Principal and Managing Director of RobertDouglas.
"The strength of the Calistoga hotel market helped us source a lender who delivered strong pricing and flexibility with regards to the redevelopment financing," remarked Julie Surago, an Associate of 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 in January 2013 and currently led by its four partners, Rob Stiles, Doug Hercher, Stephen O'Connor and Evan Hurd, RobertDouglas offers access to exceptional domestic and international institutional investor and lender relationships as it combines the capital markets sophistication of top-tier investment banks with diligent hotel underwriting and proven asset management experience. For more information, contact [email protected]‐douglas.com or go to www.robert-douglas.com.