RobertDouglas advised The Chartres Lodging Group in refinancing its existing loan for the recently renovated Dr. Wilkinson’s Backyard Resort & Mineral Springs in Downtown Calistoga, California. The floating-rate financing was provided by a best-in-class institutional balance sheet lender.
The Property is located in the heart of Napa Valley wine country, just steps away from boutique shops, art galleries, exceptional fine dining and eateries, and an abundance of winery tasting rooms in Downtown Calistoga. Chartres acquired the Property in 2019 and subsequently completed a transformational renovation positioning the Resort to a Marriott-affiliated high-end boutique. The reimagined Resort includes a new restaurant and bar, House of Better, and a full-service spa featuring mud baths, mineral hydro tubs, steam room, and massage treatment rooms, as well as multiple outdoor and indoor mineral pools.
Chartres Lodging Group