Kimpton 2-modified (2)

    KIMPTON NAPA HOTEL OXBOW

     KEY INVESTMENT HIGHLIGHTS
     
    Total Project Capitalization:

    $108.5 Million

    42-47% IRR | ~5.5x EM

    ~12.5% stabilized YoC

     

    Equity Sought: $27 Million
    Target Exit Date:
     Q1/Q2 2026
     

    Gould Capital is representing Stratus Development Partners in sourcing $27 million of equity to capitalize the Kimpton Napa Hotel Oxbow, a 123-key luxury lifestyle hotel located in the heart of Downtown Napa, California - one of the most supply-constrained hospitality markets in the United States.

    The project is being capitalized at approximately $108.5 million, reflecting a basis of ~$880,000 per key, which compares favorably to recent Napa Valley transactions exceeding $1.2 million per key for institutional-grade luxury assets.

    Positioned steps from the Oxbow Public Market and Napa Wine Train Depot, the Kimpton Napa Hotel Oxbow will serve as the anchor of the downtown entertainment corridor, catering to both leisure and corporate demand. The property will feature a rooftop bar and lounge, spa and wellness facilities, flexible event spaces, among other amenities - all designed in Napa’s signature farmhouse style by renowned local architect Howard Backen.

    Investment Overview

    Capitalization:  The sponsor is seeking up to $27 million of equity and, while several debt term sheets are under review, remains open to full-stack capitalization for groups seeking integrated debt and equity exposure.
     
    Return Projections:  Upon stabilization, the Kimpton Napa Hotel Oxbow is projected to achieve a ~12.5% stabilized yield on cost, generating project-level returns of 42-47% IRR and a 5-5.5x equity multiple over an approximate 7-year total hold period. Target groundbreaking is Q1/Q2 2026, with an estimated 24-month construction timeline.
     
    Operating Partner:  Stratus Development Partners is a Newport Beach-based development firm specializing in institutional-grade hospitality projects. The firm has over $1.5 billion in hospitality projects completed and under development, encompassing full-service hotels and lifestyle-branded developments across premier U.S. markets. With a combined 62 years of experience, the two principals have built a consistent record of delivering projects on time and on budget. 
     
    Deal Highlights:
     
    • $108.5M total capitalization | Flexible structure with equity or full-stack capability
    • $880K/key basis | Below recent Napa Valley luxury trades ($1.2M+/key)
    • 42-47% project-level IRR | ~5.5x equity multiple | ~12.5% stabilized YoC
    • Fully entitled downtown site | Steps from Oxbow Public Market & Napa Wine Train
    • Target mobilization & groundbreaking: Q1/Q2 2026 | 24-month construction schedule
    My Documents

     

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