Real EstateAcquisitionsCarey Watermark Investors Acquires Fairmont Sonoma Mission Inn

Carey Watermark Investors Acquires Fairmont Sonoma Mission Inn

NEW YORK—Carey Watermark Investors (CWI 1) announced that it has acquired from Fairmont Hotels & Resorts the remaining 25 percent interest in the Fairmont Sonoma Mission Inn & Spa, bringing its ownership of the property to 100 percent. CWI 1 acquired its original 75 percent joint venture interest from Fairmont in July 2013. Fairmont will continue to manage the luxury resort under a long-term management agreement.

The 226-room resort is located in Sonoma Valley in the heart of Northern California’s wine country, 15 miles west of Napa and 35 miles north of San Francisco. The hotel was built in 1927 on the 13-acre site of the former Boyes Hot Springs Hotel, which was developed in 1895.

The renovation completed in July 2013 for approximately $10.7 millionincluded a guestroom update, a redesign of the lobby and fine dining room, Santé, as well as the creation of a new lobby bar. Since then, additional work has been done on the spa and other areas of the property to further enhance this ultimate wine country retreat.

The property, featuring 60 suites and 166 guest rooms, offers 12,000 square feet of interior meeting and banquet space, as well as a recently renovated 40,000-square-foot spa located atop a thermal mineral spring, fitness center, and business center. Guests also have access to the Sonoma Golf Club and 18-hole championship course.