{"id":1004031961,"date":"2011-08-30T05:45:56","date_gmt":"2011-08-30T13:45:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004031961"},"modified":"2022-12-08T21:27:06","modified_gmt":"2022-12-09T05:27:06","slug":"napa-valley-marriott-sells-for-72m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/napa-valley-marriott-sells-for-72m\/","title":{"rendered":"Napa Valley Marriott Sells for $72M"},"content":{"rendered":"<p><strong>August 30, 2011<\/strong><br \/>\n<em>By Nicholas Ziegler, News Editor<\/em><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/083011-Napa-Valley-Marriott-CROP.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004031962\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/napa-valley-marriott-sells-for-72m\/083011-napa-valley-marriott-crop\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/083011-Napa-Valley-Marriott-CROP.jpg\" data-orig-size=\"650,407\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"083011 &#8211; Napa Valley Marriott CROP\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/083011-Napa-Valley-Marriott-CROP.jpg?w=650\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/083011-Napa-Valley-Marriott-CROP.jpg\" alt=\"\" title=\"083011 - Napa Valley Marriott CROP\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004031962\" \/><\/a><\/p>\n<p>A transaction in the heart of Napa County could prove profitable for Inland American Lodging Group, Inc., a subsidiary of Inland Real Estate Trust, Inc. On Monday, the firm announced that it had acquired the Napa Valley Marriott Hotel for $72 million, or approximately $261,000 per key. The property is a 275-room upscale resort in the heart of California\u2019s wine country.<\/p>\n<p>&#8220;The Napa Valley Marriott is an excellent addition to our portfolio in a key destination market in Northern California, a region not heavily represented in Inland American\u2019s lodging portfolio,\u201d said Marcel Verbaas, president and CEO of Inland American Lodging Advisor, Inc. \u201cThis acquisition represents our seventh full-service Marriott, as we continue to strategically reposition our portfolio with more full-service and luxury hotels in premier markets.\u201d<\/p>\n<p>The property, upgraded in March of this year with a $7.3 million renovation, is located adjacent to the Oakland Raiders\u2019 summer training camp and has served as the team\u2019s home base for more than a decade. \u201cThe hotel\u2019s preferred location, excellent service and the Marriott brand have enabled the property to consistently achieve strong, top-line performance,\u201d Verbaas said. <\/p>\n<p>According to a report by PKF Hospitality Research, the entire hospitality industry is heading for an upswing, predicting that the average hotel in the United States will be able to increase its total revenue by 7.4 percent for 2011, stemming from an equal contribution of increases in occupancy and average daily rate. While there may be an influx of new customers, the report notes, \u201ccost controls might be what begets profits in 2011.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California&#8217;s wine country, for $72 million, or approximately $261,000 per key. <\/p>\n","protected":false},"author":1201,"featured_media":1004031962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,21742,15],"tags":[],"class_list":["post-1004031961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Napa Valley Marriott Sells for $72M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/napa-valley-marriott-sells-for-72m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Napa Valley Marriott Sells for $72M\" \/>\n<meta property=\"og:description\" content=\"Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California&#039;s wine country, for $72 million, or approximately $261,000 per key.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/napa-valley-marriott-sells-for-72m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-30T13:45:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:27:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/08\/083011-Napa-Valley-Marriott-CROP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"407\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Napa Valley Marriott Sells for $72M\",\"datePublished\":\"2011-08-30T13:45:56+00:00\",\"dateModified\":\"2022-12-09T05:27:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/\"},\"wordCount\":267,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/08\\\/083011-Napa-Valley-Marriott-CROP.jpg\",\"articleSection\":[\"Featured\",\"Hotel\",\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/napa-valley-marriott-sells-for-72m\\\/\",\"name\":\"Napa Valley Marriott Sells for $72M - 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