NAPA COUNTY, Calif.
Bald Mountain Development and Alcion Ventures announced $165 million in construction financing has been secured for the five-star Four Seasons Resort and Private Residences Napa Valley slated to open early 2019. Initial site work has begun on the hotel with vertical construction to begin this summer.
Holliday Fenoglio Fowler, L.P. worked on behalf of the developers, Alcion Ventures and Bald Mountain Development, to place the construction loan with Heitman on behalf of one of its institutional investors.
The 20 residences are expected to be complete fall 2018 with the resort to open early 2019. Upon completion and after the resort’s opening, residence owners will have VIP access to the Four Seasons Resort’s collection of amenities and activities, including a world-class restaurant, spa and fitness center.
Bald Mountain Development is a boutique resort development firm based in Aspen, Colo., and Napa Valley, Calif., whose principals, David Parker and Kelly Foster, specialize in luxury resort properties.
