Carey Watermark Investors Incorporated (CWI) has acquired a joint venture interest in the Fairmont Sonoma Mission Inn and Spa from Fairmont Hotels & Resorts. 


Located in Northern California’s Sonoma Valley, the 226-room resort was built in 1927 on the 13-acre site of the former Boyes Hot Springs Hotel. Following the first phase of a $10.7 million renovation, the Heritage rooms, the lobby, the restaurant Sante, and the new lobby bar will be updated. Additional work is also planned over the next two years on the spa and other areas of the property.
As the prior owner, Fairmont will manage the luxury resort under a long-term management agreement. CWI’s interest in the joint venture is 75 percent while Fairmont will retain a 25 percent ownership interest. The joint venture’s total investment in the property is approximately $97.1 million, with CWI’s investment at approximately $73.3 million.
The resort boasts an 18-hole championship golf course, the 40,000-square-foot Willow Stream spa, and both casual and fine dining. Additional amenities include 12,000 square feet of meeting space, a business center, and a fitness center.
“We are pleased to be teaming up with CWI and see this as an exciting opportunity to work with a well-respected investor that has extensive experience in the lodging industry,” says Jennifer Fox, president of Fairmont Hotels & Resorts. “The Fairmont Sonoma Mission Inn and Spa is a remarkable asset and we are convinced there are solid growth opportunities given the hotel’s renovation plans and Fairmont’s strong brand presence in the California market.”
