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News | Blackstone acquires luxury wine country resort north of San Francisco
Blackstone has acquired the Stanly Ranch luxury resort in Napa Valley for $195 million at a foreclosure auction. The investment firm believes the acquisition will benefit from increased demand for wellness and experiential travel, driven by the Bay Area’s AI sector growth. This follows Blackstone’s previous investments in San Francisco’s hospitality and real estate sectors, signaling a broader strategy to capitalize on the region’s economic resurgence.