RobertDouglas Advises Chartres Lodging Group on The Refinancing of Dr. Wilkinson's Backyard Resort & Mineral Springs in Calistoga, Napa County
RobertDouglas advised Chartres Lodging Group in successfully refinancing its existing loan for the recently renovated, 50-key room Dr. Wilkinson's Backyard Resort & Mineral Springs in Calistoga, California with 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.
"The Hotel's superior location, newly renovated and repositioned product, and affiliation with the hotel industry's dominant branded distribution network, Marriott, enabled us to deliver a lender with strong pricing and flexibility," commented Annie Ferguson, Vice President with RobertDouglas.