Solage Calistoga Defaults On Loan
Trouble in Napa Valley. The Napa Valley Register reports that the owners of the luxurious Solage Calistoga in Calistoga, California has defaulted on a $47.2 million loan on the property. The resort, which opened in 2007, has 89 rooms and suites and has an eco-friendly slant that includes bicycles, earth-friendly interiors, environmentally safe cleaning products, locally-sourced food, sustainable landscaping, recycling and water reclamation. The resort has a bistro, full-service spa that includes Kate Somerville facials and a 130-foot swimming pool surrounded by cabanas. The restaurant, Solbar, is headed by Brandon Sharp, an alumnus of the hot Gary Danko restaurant in San Francisco.
Solage Calistoga General Manager Richard Hill has said that the default occurred as part of a loan renegotiation process and the property will not proceed to a Trustee Sale. It remains open for business as usual. Rates at the luxury resort start around $325 per night.