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Fairmont Hires Hodges Ward For Resort Sale

Toronto-based Fairmont Hotels & Resorts has hired Hodges Ward Elliott to sell Fairmont Sonoma Mission Inn & Spa in Northern California’s wine district.

    Toronto-basedFairmont Hotels & Resortshas hiredHodges Ward Elliottto sellFairmont Sonoma Mission Inn & Spain Northern California’s wine district,Bloombergreports. The broker is expected to sell the luxury resort for nearly $100 million.

    Fairmont Hotels & Resorts controls a minority stake of nearly 20 percent in the property. The majority stake is held byCrescent Real Estate Holdings, which originally acquired the real estate in the mid-1990s and later brought in Fairmont to operate it.

    Click here for the story fromBloomberg.

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