The New York-based investment firm purchased the Auberge Resorts Collection property at auction Friday after its previous owners defaulted on a loan of about $220 million, according to Scott Trebilco, senior managing director at Blackstone Real Estate.
The sale follows earlier signs of financial trouble at the luxury resort. Documents filed in October in Napa County showed the ownership group had been notified of default on more than $230 million tied to the roughly 700-acre property.
Stanly Ranch opened in 2022 on Napa Valley’s southern edge. Originally founded in 1856 by Judge Edward Stanly, the property includes 135 guest rooms, as well as villas and vineyard homes, along with dining venues, three outdoor pools and a large wellness complex.
The resort will continue to be managed by Auberge, Treblico said. The acquisition was first reported by Bloomberg.
Blackstone described the acquisition as part of its broader investment strategy in the Bay Area.
“(The) luxury resort just one hour from San Francisco, which we believe is well positioned to benefit from rising group and leisure demand for wellness and experiential travel, alongside the continued growth in corporate travel to the region as AI adoption accelerates,” Trebilco said in a statement Monday.