High-end Napa Valley wellness resort faces foreclosure

The owners of a high-tech “wellness village” resort on the southern edge of Napa are facing foreclosure on the property, according to county records.

Documents filed Oct. 16 in Napa County show that the Stanly Ranch resort’s ownership group, SRGA LP, has been notified that the property is in default and could be sold at auction to the highest bidder in as little as 90 days. The total amount owed is about $230.3 million.

The Napa Valley Register first reported the mortgage default.

The filing covers 19 parcels of land, encompassing the 700-acre property at 202 to 2070 Stanly Crossroad. The company did not immediately return a request for comment.

Stanly Ranch opened in 2022 to significant fanfare and featured 135 cottages and guest rooms, three culinary concepts – including a 200-seat restaurant – and a high-tech wellness compound with multiple pools.

Built on eucalyptus- and vineyard-dotted ranchland that has been farmed since the mid-1800s, the resort, which opened in April 2022, sits at the south end of Napa in the Carneros wine region, where Pinot Noir and Chardonnay grapes thrive.

The default notice comes as the wine and hospitality industries in California’s wine-growing centers, such as Napa and Sonoma, face challenging economic times.

https://www.msn.com/en-us/money/realestate/high-end-napa-valley-wellness-resort-faces-foreclosure/ar-AA1P9d8C