Calistoga Hills Resort Highest "Per Key" Hotel Land Sale In The Country

CALISTOGA — The planned 143-unit Calistoga Hills Resort project was sold to an affiliate of CTF Development International, an Hong Kong-based hotel developer and owner, in a move said to represent one of the highest “per key” hotel land sales in the country.

Although the details of the sale have not been disclosed, the property was put up for sale in June 2014 for $100 million, by Christie’s International Real Estate. The buyer purchased the property in December, but brokers of the deal announced it Thursday.

The 88-acre property is a fully-entitled development site located in the foothills of Calistoga, near the intersection of Foothill Boulevard, Highway 29 and Lincoln Avenue. At 430 feet above the valley floor, it’s one of Napa Valley’s last remaining large, untouched properties.

via Calistoga resort property sale price called trend-setter – North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties - Archive.

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