Assignment Overview
RobertDouglas 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. The floating-rate financing was provided by a leading alternative credit manager focused on high-quality, floating-rate debt.
Property Background
The well-known 42-room Dr. Wilkinson’s Resort features a renowned on-site spa with mud baths, mineral water baths, steam rooms, and massage treatment rooms, as well as multiple outdoor and indoor pools. The Property is located in the heart of Downtown Calistoga, in close proximity to all major local demand drivers and the new Four Seasons Napa Valley opening in late 2019.
Deal Highlights
Client: |
| Chartres Lodging Group |
