2 Wine Country hotels go back to the lender after no bids at foreclosure sales
Two Wine Country hotels with 222 rooms altogether are now under the ownership of the lender after there were no takers in recent foreclosure auctio...
Two Wine Country hotels with 222 rooms altogether are now under the ownership of the lender after there were no takers in recent foreclosure auctions to cover over $80 million in outstanding debt on both relatively new facilities. After multiple postponements, the 90-room Cambria Napa Valley hotel at 320 Soscol Ave. in Napa came to auction outside the Napa County courthouse on Aug. 25 with an opening bid of $40 million. The 132-room Cambria Sonoma Wine Country hotel at 5870 Labath Ave. in Rohnert Park came up for bid at $19 million earlier that day.