Now, the Sonoma Best Hospitality Group’s portfolio of commercial, event/venue space, and inns is up for sale. The portfolio is comprised of well-known businesses such as Cornerstone Sonoma and The Post. It is a court-supervised transaction, so the sale will require court approval.
Portfolio Overview
This portfolio is operated by the Sonoma Best Hospitality Group in Sonoma County. The group is known for its outstanding service and high-quality restaurants, accommodations, and catering services. Its goal is to create unforgettable experiences, evoking the hospitality of the region and its rich wine and culinary history. This portfolio is a great opportunity for buyers to contribute to the vibrant culture, economy, and community of the region.
Property Highlights
The portfolio properties are situated in Sonoma, the world-renowned wine region known for its culinary expertise and more than 400 wineries. The strategic location of the area, less than an hour away from San Francisco ensures easy accessibility to the Bay Area’s affluent residents, corporate clients and wealthy visitors.
The portfolio is comprised of a rare collection unique Sonoma Commercial Assets. It provides a blend of scale, use, and diversity in two primary Submarkets, Downtown Sonoma, and South Arnold Drive. These properties offer a lot of upside potential, and there are many underutilized possibilities that could increase their value.
Revenue Opportunities
The properties are well-known wedding and event venues. Revenue is generated through catering, venue charges, accommodations and other wedding services. These venues currently generate revenue of over $4 million and have future bookings.
Portfolios offer investment flexibility by allowing bidders the option to place bids on assets individually, collectively, or in groups.
Sonoma County: A Wine Region
Sonoma County is the leading wine producer in California Wine Country Region. Wine Enthusiast Magazine named it Wine Region of the Year in 2019. The area is a tourist hotspot, with over 425 wineries and 18 American Viticultural Areas.
In 2023, travel-related expenditures in Sonoma County will reach $2.3 billion. This shows the area’s economic potential.
Attractions in the Historic Sonoma Plaza Area
Sonoma Plaza is a National Historic Landmark and the cultural heart of Sonoma. The area is filled with boutiques, art galleries, and unique restaurants.
In addition, the region is home to several other attractions such as Sonoma Jack London State Historic Park and Sonoma Valley History Museum. Visitors from all over attract to these cultural events and experiences.
Inquire at CBRE.
