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Luxury Bay Area Resort Purchased for $195M in Foreclosure Auction
Blackstone Inc. acquires Stanly Ranch in Napa Valley after previous owners defaulted on $230 million loan.
Mar. 31, 2026 at 11:03pm by Ben Kaplan
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Stanly Ranch, a luxurious resort that opened in Napa Valley in 2022, has been purchased by Blackstone Inc. at a foreclosure auction for $195 million. The previous owners, SRGA Resort LP, had defaulted on a $230 million construction loan to build the 700-acre property. Auberge Resorts will continue to operate the resort.
Why it matters
The purchase of Stanly Ranch by the global investment firm Blackstone highlights the volatility and high-stakes nature of the luxury resort industry, especially in desirable locations like Napa Valley. The foreclosure and sale also raise questions about the long-term viability and financing models of large-scale resort developments.
The details
Stanly Ranch, which opened in April 2022, defaulted on a $230 million construction loan from August 2022 onward. The foreclosure auction, originally scheduled for February 27, was moved to March 27, where Blackstone, the world's largest alternative asset manager, acquired the property for $195 million. Auberge Resorts, which has operated the resort since its opening, will continue to manage the property under Blackstone's ownership.
- Stanly Ranch opened in April 2022.
- The resort defaulted on a $230 million construction loan from August 2022 onward.
- The foreclosure auction was originally scheduled for February 27, 2026 but was moved to March 27, 2026.
The players
Blackstone Inc.
A global investment firm that has acquired Stanly Ranch resort in Napa Valley for $195 million after the previous owners defaulted on a $230 million loan.
SRGA Resort LP
The previous ownership group that defaulted on the $230 million construction loan used to build the Stanly Ranch resort.
Auberge Resorts
A high-end hotel chain that has operated the Stanly Ranch resort since its opening in 2022 and will continue to manage the property under Blackstone's ownership.
What they’re saying
“We are thrilled to acquire Stanly Ranch, Auberge Collection in Napa Valley, a luxury resort just one hour from San Francisco, which we believe is well positioned to benefit from rising group and leisure demand for wellness and experiential travel, alongside the continued growth in corporate travel to the region as AI adoption accelerates.”
— Scott Trebilco, Senior Managing Director at Blackstone Real Estate
“We are thrilled to partner with Auberge Collection, who will continue to manage this property.”
— Scott Trebilco, Senior Managing Director at Blackstone Real Estate
What’s next
Blackstone plans to continue operating Stanly Ranch under the management of Auberge Resorts, with a focus on capitalizing on growing demand for luxury travel and wellness experiences in the Napa Valley region.
The takeaway
The purchase of Stanly Ranch by Blackstone at a foreclosure auction highlights the high-risk, high-reward nature of luxury resort development, where even newly opened properties can quickly fall into financial distress. The sale also underscores the growing influence of large investment firms in shaping the hospitality landscape of desirable destinations like Napa Valley.
