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Brookfield $BPY Acquires Vintage Estate for $197M in Record-Setting Napa Valley Private Hotel Deal

Brookfield $BPY Acquires Vintage Estate for $197M in Record-Setting Napa Valley Private Hotel Deal

Brookfield Property Partners LP (NYSE: BPY) (TSX: BPY.UN) said it acquired Vintage Estate, a Napa Valley luxury lifestyle destination property consisting of two hotels with 192 keys and 30,000 square feet of street retail, for $197 million. The announcement was made as part of BPY’s Q1 2016 results released on Friday. The iconic 23-acre Vintage Estate is a popular destination in the epicurean Californian walking town of Yountville, 8.9 miles from downtown Napa, offering one of the Valley’s most exceptional experiences. “Just a leisurely saunter from your guestroom, you’ll find yourself indulging in the nation’s per capita Michelin Star capital of dining, premier wine tasting rooms, intimate spa experiences, lifestyle shopping, romantic art, history and culture of the country’s most lauded wine region without so much as the turn of a car key,” says the Estate. “Here, too, productive meetings and retreats, spectacular special events and glorious wedding celebrations are planned and facilitated to match your vision and exceed your expectations.” The Estate comprises the Villagio Inn & Spa, a stylish Mediterranean luxury hotel and spa reminiscent of a countryside village in Tuscany, listed in Conde Nast Traveler’s 2014 Gold List, and Best Resorts in Northern California, and dubbed by Town & Country as a “pleasure seeker’s heaven” with lavish accommodations complimented by a centerpiece wellness spa; the Vintage Inn, an elegant French country-style boutique hotel blending simple wine country elegance with 19th century romance, featuring 80 newly remodeled spacious guestrooms and cottage-style villas plush in accommodations and amenities; and V Marketplace lifestyle shops, galleries, restaurants, wine cellar, and Michael Chiarello’s NapaStyle and Bottega farm-to-table dining in the historic 140-year-old Groezinger Winery. villagio_inn_spaThe Estate was previously owned by the Egan, Ghilotti  and Sandbach families, says Jennifer Huffman, a reporter for the Napa Valley Register, adding that this could be “the largest private sale of a Napa County lodging and shopping property.” Brookfield Property Partners (BPY) is one of the world’s largest commercial real estate companies, with over $65 billion in total assets. BPY are leading owners, operators and investors in commercial property assets, with a diversified portfolio that includes over 150 premier office properties and over 120 best-in-class retail malls around the world. The group also hold interests in multifamily, triple net lease, industrial, hospitality, and self-storage assets.]]>

DESTINATION – AUSTRIA: Lech Ski-Spa Hotel Aurelio, As Exclusive As It Gets

DESTINATION – AUSTRIA: Lech Ski-Spa Hotel Aurelio, As Exclusive As It Gets

Oleg Deripaska. It is considered a world-class hotel and Austria’s most luxurious ski and spa lodge. “No one who has seen inside the third chalet, the nine-room Club, would argue with that,” says Condé Nast Traveller. dr-barbara-sturm_01Newly introduced to Aurelio is Molecular Cosmetics by the internationally renowned anti-aging specialist, Dr. Barbara Sturm, who offers a range of rejuvenating aesthetic and cosmetic treatments which are already popular with those in the know. Her approach focuses on the therapeutic use of the body’s own proteins in the field of skin, skin regeneration and ageing. Her innovative anti-aging skincare range and treatments are renowned for preventing the signs of aging by up to 15 years and her hero product, MC1 is an anti-aging wonder cream that contains one’s own blood. Additional spa treatments range from a pre-ski massage – beginning the holiday with a treatment to improve circulation and increase muscle and tendon elasticity – all of which reduce the chance of injury on the slopes. Likewise, a post-ski massage improves circulation and helps to break down the build-up of lactic acid that can occur when muscles have worked hard, and reduces the onset of muscle soreness. aurelio_vertical“Immerse yourself into your very own vacation dream, forget about your stressful daily routine and enjoy a memorable time right within the middle of the stunning mountain scenery of the Arlberg-region,” says Aurelio general manager Axel Pfefferkorn. “We are more than pleased that Chef de Cuisine Christian Rescher and Souschef Markus Niederwanger were again awarded by Gault Millau with 3 Hauben (17 Points),” he added. “We are happy to create your very own winter experience and look forward to welcoming you to an unforgettable holiday at Lech.” Aurelio is an ultra-exclusive mountain hideaway luxus chalet, which sits in an enchanting setting above the village of Lech in an ideal ski-in, ski-out location. Privately-owned, the 18-rooms are spread between three traditional chalets, which includes the Aurelio Clubhouse, a brilliant eight-bedroom super-chalet with its own spa, gym, cinema room and wonderfully expansive living areas. For the additional ten guestrooms the main, super-cool spa at Aurelio is a haven. Designed for stressed, alpine muscles, it is all about relaxation and restoration and comes complete with the longest swimming pool in Lech (23-metres). There are sauna cabins, aroma salt steam rooms, herbal baths, sensory showers, a snow atrium, mani-pedi room, three treatment rooms, a meditation center and a state-of-the-art fitness center. The Aurelio Spa is about as exclusive as it gets. Lech am Arlberg is a mountain village and an exclusive ski resort in the Bludenz district, in the Austrian state of Vorarlberg, on the banks of the river Lech. In recent years Lech has grown to become one of the world’s premier ski destinations and the home of a number of world and Olympic ski champions. Lech is a popular holiday destination for Royal families and celebrities, including Tom Cruise, Diana, Princess of Wales, and the former Queen Beatrix and the Dutch Royal family. “Glitzy Lech is one of Austria’s most moneyed resort towns. Pricy, posh palaces abound, but this ostentatious, old-school winter wonderland has accommodations and a place on the pistes for all budgets,” says TripAdvisor. “Popular since the 1920s, this former farming town has managed to retain its original character and charm.” Hotel Aurelio: Tannberg 130, Lech am Arlberg, Austria (00 43 5583 2214; www.aureliolech.com). Doubles from €880, half-board. Courtesy of PanachePrivee.com – Luxury Hospitality Real Estate.]]>