Briefs: Huge price in Napa | KSL invests in Croatia

More than US$2M/key for Napa Four Seasons? Real estate fund manager Alcion Ventures reportedly is selling the 85-room Four Seasons hotel in Napa Valley’s Calistoga, California, and could fetch a record price of more than US$2 million per key, according to The Wall Street Journal. Broker and investment bank Eastdil Secured is marketing the property and the Journal cited sources who suggested Irvine, California-based Sunstone Hotel Investors is among the bidders. The report added that a handful of investors have made competing offers of more than US$170 million. Only two U.S. hotels have sold for more than US$2 million a…
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