Sunstone Hotel Investors has announced the acquisition of the 130-room Montage Healdsburg Resort, a newly constructed property that was completed in December 2020, for a gross purchase price of $265 million.
Located in Sonoma County, in California Wine Country, Montage Healdsburg is a retreat offering access to the renowned wineries of area. The 117-acre resort includes 16 acres of vineyards, an 11,500-square-foot spa, adult and family pools overlooking the vineyard, signature dining experiences, more than 12,000 square feet of meeting space and a number of event lawns. Montage Healdsburg will continue to be managed by Montage Hotels & Resorts.
"Montage Healdsburg is a spectacular resort, ideally located in one of the most sought-after and highest-rated leisure destinations in the U.S. The Resort, which took over 15 years to develop, is a perfect example of Long-Term Relevant Real Estate and its addition elevates the overall quality and growth prospects of our portfolio," said John Arabia, president and CEO of Sunstone.