RH Pays $25MM for 857-Acre Resort Site in Napa Valley

RH, Restoration Hardware, Napa, Napa Soda Springs, Napa Soda Springs Resort, Soda Creek, JLL, Napa Valley

By Catherine Sweeney

After it was placed on the market in 2019, a 857-acre resort property in Napa has been sold to RH, a luxury home design brand formerly known as Restoration Hardware. According to The Mercury News, the property was sold for $25 million in July but was only just announced during a second quarter earnings call.

“Our hospitality efforts will continue to elevate the RH brand as we extend beyond the four walls of our Galleries into RH Guesthouses, where our goal is to create a new market for travelers seeking privacy and luxury in the $200 billion North American hotel industry,” said Gary Friedman, chairman and chief executive officer of RH.

Located at 2000 Soda Springs Road, the property is known as Napa Soda Springs. The property is home to the historic Napa Soda Springs Resort, which was largely occupied by wealthy families during the 1900s, according to a previous listing from JLL. The land is also home to mineral springs, Soda Creek and an 80-foot waterfall.

The property would join a number of wineries in the region, including Still Family Vineyards, Black Stallion Winery and James Cole Winery, along with many others.

In 2019, the property was placed on the market for the first time in 40 years. At the time it was listed, the property was reportedly estimated to close for $50 million. During the call, RH announced plans to add to the site with a guesthouse, residences and a winery.

Further details about the project have yet to be announced.

West Coast Commercial Real Estate News