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Napa Valley’s Silverado Resort and Spa Acquired by KSL Capital Partners and Arcade Capital

KSL Capital Partners, LLC (KSL) and Arcade Capital LLC announced today the acquisition by their affiliates of the iconic Silverado Resort and Spa, a luxury resort in the heart of Napa Valley wine country. Terms were not disclosed.

A 2021 Trip Advisor Traveler’s Choice Award Winner and an annual recipient of the AAA Four Diamond Award since 1976, Silverado has been one of Napa Valley’s premier destinations for over 150 years, first as a private estate and now a contemporary 449 room resort, with two Robert Trent Jones, Jr. designed championship golf courses, a 16,000-square-foot spa and fitness center and 70,000 square feet of indoor and outdoor event space for members and guests.

“We could not be more pleased to have been provided the privilege of acquiring the Silverado Resort and Spa,” said Michael Mohapp, Principal at KSL.“At KSL, we take great pride in having had the opportunity of owning and investing in some of the most storied hotels and resorts in the world. Our goal is to preserve what makes each asset unique, while at the same time making new investments to meet the expectations of today’s travelers. There are few places like Napa Valley, and we look forward to working with the broader Silverado community in enhancing the resort for the benefit of its guests and its neighbors.”

“KSL Capital is a best-in-class institutional partner with deep expertise with complex resort properties of this nature, and we are excited to partner with KSL on this investment,” said Will Obeid, founder and Principal of Arcade Capital.“Silverado Resort and Spa has top-notch golf, tennis and resort amenities encompassing a large, prime location in Napa Valley, making it a truly remarkable and rare property. The Napa Valley lifestyle embraces great food, wine, community, wellness, and outdoor activities among nature’s most beautiful surroundings. We look forward to enhancing these values at the Silverado Resort and Spa.”

Surrounded by Napa Valley’s more than 400 wineries and situated on 300 picturesque acres, Silverado is known for its centerpiece pillared mansion built in 1870. The acclaimed property now features three contemporary dining venues, three guest swimming pools, ten plexi-paved outdoor tennis courts, three bocce ball courts and a multitude of other recreational offerings for members and guests.

More information on Silverado Resort and Spa is available at www.silveradoresort.com.

About Arcade Capital LLC

Arcade Capital Group is a private real alternative investment firm and advisor focused on sustainability, wellness, and purpose-based living. Founded in 2014 by Will Obeid, the firm specializes in opportunistic real estate investing, hotel management, and the global wellness economy.

About KSL Capital Partners, LLC

KSL is a private equity firm specialising in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services, with offices in Denver, Colorado; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised approximately $18 billion of capital across both debt and equity funds. KSL’s current portfolio includes some of the world’s most prestigious properties in travel and leisure. For more information, please visit www.kslcapital.com.

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2022 Fortinet Championship Schedule

PGA TOUR BEGINS 2022-23 SEASON WITH FORTINET CHAMPIONSHIP HIGHLIGHTING LIVE GOLF COVERAGE ON GOLF CHANNEL & PEACOCK THIS WEEK

PGA TOUR’s 2022-23 Season Begins with Fortinet Championship at Silverado Resort and Spa in Napa, Calif.; Live Coverage Gets Underway Tomorrow at 6 p.m. ET on GOLF Channel and Peacock

Live Coverage of DP World Tour’s DS Automobiles Italian Open in Rome, Italy, Begins Tomorrow at 7:30 a.m. ET on GOLF Channel

LPGA Tour’s AmazingCre Portland Classic & PGA TOUR Champions’ Sanford International Also Presented This Week on GOLF Channel, Peacock & NBC Sports Digital Platforms

STAMFORD, Conn. – Sept. 14, 2022 – The PGA TOUR’s 2022-23 season begins with the Fortinet Championship, highlighting this week’s live golf tournament coverage across four events on GOLF Channel, Peacock and NBC Sports digital platforms.

PGA TOUR: FORTINET CHAMPIONSHIP

Held at Silverado Resort and Spa in Napa, Calif., the PGA TOUR’s Fortinet Championship is the first event of the 2022-23 season, and one of nine events currently scheduled to be played during the fall 2022 portion of the schedule. Reigning champion Max Homa looks to defend his title.

Live coverage begins tomorrow at 6 p.m. ET on GOLF Channel and Peacock.

GOLF Channel and Peacock Broadcast Team

    • Play-by-PlayTerry Gannon
    • AnalystCurt Byrum
    • TowerShane Bacon
    • On-CourseRoger Maltbie Arron Oberholser

How To Watch – Thursday, September 15 – Sunday, September 18 (all times ET)

    • TV – GOLF Channel
    • Streaming – Peacock, NBCSports.com, NBC Sports app
Day GOLF Channel/Peacock
Thursday 6-9 p.m.
Friday 6-9 p.m.
Saturday 6-9 p.m.
Sunday 6-9 p.m.

 

Notable Players This Week

    • Hideki Matsuyama
    • Rickie Fowler
    • Max Homa
    • Jason Day
    • Webb Simpson
    • Cam Davis
    • Cameron Champ

 

DP WORLD TOUR: DS AUTOMOBILES ITALIAN OPEN

The DP World Tour’s DS Automobiles Italian Open will be held at Marco Simone Golf Club in Rome, Italy, Thursday-Sunday. This course will host the 2023 Ryder Cup, and the field this week is expected to include several of the top candidates to play for the European team such as Rory McIlroyMatt Fitzpatrick, and Viktor Hovland, as well as European Ryder Cup captain Luke Donald.

Live coverage from Thursday-Sunday will begin at 7:30 a.m. ET on GOLF Channel.

How To Watch – Thursday, September 15 – Saturday, September 18 (all times ET)

    • TV – GOLF Channel
    • Streaming – NBCSports.com, NBC Sports app

 

Day GOLF Channel
Thursday 7:30 a.m.-12:30 p.m.
Friday 7:30 a.m.-12:30 p.m.
Saturday 7:30 a.m.-12 p.m.
Sunday 7:30 a.m.-12 p.m.


Notable Players This Week

    • Rory McIlroy
    • Matt Fitzpatrick
    • Viktor Hovland
    • Luke Donald
    • Tyrrell Hatton
    • Francesco Molinari

 

LPGA TOUR: AMAZINGCRE PORTLAND CLASSIC

Columbia Edgewater Country Club in Portland, Ore., hosts the LPGA Tour’s AmazingCre Portland Classic, the oldest non-major on the LPGA Tour, this week –.

Coverage of the four-day event begins tomorrow at 3 p.m. ET on GOLF Channel and Peacock.

GOLF Channel and Peacock Broadcast Team

    • Play-by-PlayGrant Boone
    • AnalystMorgan Pressel
    • TowerTom Abbott
    • On-CourseKay Cockerill / Karen Stupples

 

How To Watch – Thursday, September 15 – Sunday, September 18 (all times ET)

    • TV – GOLF Channel
    • Streaming – Peacock, NBCSports.com, NBC Sports app

 

Day GOLF Channel/Peacock
Friday 3-6 p.m.
Saturday 3-6 p.m.
Sunday 3-6 p.m.
Monday 3-6 p.m.


Notable Players This Week

    • Nelly Korda
    • Brooke Henderson
    • Georgia Hall
    • So Yeon Ryu
    • Patty Tavatanakit
    • Leona Maguire
    • Paula Reto

 

PGA TOUR CHAMPIONS: SANFORD INTERNATIONAL

PGA TOUR Champions’ Sanford International will be held at Minnehaha Country Club in Sioux Falls, South Dakota, from Friday-Sunday. Darren Clarke looks to defend his title against a competitive field that includes Bernhard Langer and Padraig Harrington.

Coverage begins Friday at 9:30 p.m. ET on GOLF Channel.

How To Watch – Friday, September 16 – Sunday, September 18 (all times ET)

    • TV – GOLF Channel
    • Streaming – NBCSports.com, NBC Sports app

 

Day GOLF Channel
Friday 9:30-11:30 p.m.*
Saturday 9:30-11:30 p.m.*
Sunday 9:30-11:30 p.m.*

*delayed coverage


Notable Players This Week

    • Bernhard Langer
    • Padraig Harrington
    • John Daly
    • Fred Couples
    • Steve Stricker
    • Jim Furyk
    • Darren Clarke

 

BEYOND THE FAIRWAY PRESENTED BY GENESIS

The latest episode of NBC Sports’ Beyond The Fairway Presented by Genesis podcast, co-hosted by professional golfers Doug Smith and Will Lowery, features the duo’s recap of the BMW PGA Championship as well as discussions on Tim O’Neal’s appearance at the Ascension APGA Classic and Brad Adamonis’ victory at the event. They also react to Scottie Scheffler being named the PGA TOUR’s Player of the Year.

Click here to listen to the full episode.

BROADCAST NOTES

    • Golf Central: Golf Central will provide pre- and post-tournament coverage on GOLF Channel Wednesday-Sunday. Golf Central coverage is anchored by Anna JacksonKira DixonMatt Adams, and Jim Gallagher Jr.

 

Day Golf Central
Wednesday 4-5 p.m.
Thursday 2:30-3 p.m./9-9:30 p.m.
Friday 2:30-3 p.m./9-9:30 p.m.
Saturday 2:30-3 p.m./9-9:30 p.m.
Sunday 2:30-3 p.m./9-9:30 p.m.

Note: all times ET, post-round coverage begins following conclusion of play

All GOLF Channel coverage also streams on NBCSports.com and the NBC Sports app via “TV Everywhere,” giving consumers additional value for their subscription service, and making high quality content available to MVPD customers both in and out of the home and on multiple platforms.

–NBC SPORTS–

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Strong Napa & Sonoma Valley real estate market undergoing major shift in 2020-2021

Referred to as the “Great Reshuffling,” the North Bay residential real estate market is undergoing a transformation with many remote workers moving in and longtime residents burned out from fire threats considering moving out.

As a result of this shifting of residents, Wine Country market trends show the area experiencing a sellers market with really low inventory, high median values and surging sales for homes in the millions of dollars for the quarter ending Sept. 30.

A market in which sellers wait to place their homes on the market is trouble for buyers.

Active listings in Sonoma County plunged for the third quarter ending in September to about 700. That’s about half of what it was a year ago at this time of year.

In Napa County, active listings dropped from 525 to 325 in the same period, Compass Realty reported.

“I think this is driving up prices. Every sector seems to be impacted,” said Carol Lexa, North Bay Association of Realtors president who runs Compass Realty in Healdsburg. “If interest rates stay low and inventory stays tight, we’ll maintain a strong market.”

Sales in Sonoma County’s luxury home market, characterized by housing priced above $2 million, surged in the third quarter to 100. The average was about 30 sales in the second quarter of this year as well as the last four years.

Napa County’s luxury home sales for the third quarter just ending Sept. 30 didn’t increase as much, but it still held its own with a strong 48 exchanging hands in a smaller jurisdiction. Most quarters in the last three years have averaged about 26 sales.

Napa County’s median sales price has accelerated every year in the third quarter since 2016, with the exception of last year. This year made up for the unusual dip — going up by $100,000 to $825,000.

Since 2016, Sonoma County has shown consistent growth for the fall quarter.

The median now stands at $715,000, according to the broker metrics of homes placed on the Multiple Listing Service.

“We may see the upcoming spring as a boom in listings,” Lexa predicted. “We still have people looking.”

As agents have found from the previous quarters, the North Bay housing market has remained strong because prospective buyers in San Francisco, the Peninsula and down into the South Bay around San Jose are able to live anywhere since being told by their employers they can work remotely.

What’s not to love about the North Bay?

It was Monique Orsot’s dream to live in the city of Sonoma. So at age 41, the senior program manager in Salesforce’s real estate division took the plunge out of her rent-controlled studio apartment in San Francisco where her company is based to live out her dream in the Wine Country. She’s able to work remotely for Salesforce.

“I’m very lucky. The timing was right. I had cash on hand and never thought I’d be able to afford anything here,” she said.

She took the time to look around and found what she was seeking in a townhouse blocks from the Sonoma Square.

“It was cheaper than most rents in San Francisco and is a great investment,” she said.

As for worrying about fires, Orsot has taken solace in being close to town.

“They’re not going to have the square burn down,” she said.

Making room for new buyers?

But others who have lived in the North Bay for years may not stick around.

They are pondering now whether to sell and move out of the area because of all of life’s misfortunes, no matter how desirable the region is.

A new phrase has been coined — “fire fatigue.”

Fire threats, evacuations, power outages and poor air quality can weigh heavy at times for people trying to already negotiate a global pandemic and consequential economic upheaval.

Many said it was going to be easy, and they were right.

“Somehow 20-year residents have had it with the fires. They’re burned out and know their houses are worth something. Others are moving in, since they can live anywhere. We’re seeing the cross over between them,” said Adam Goldberg, a real estate agent with KB Properties in Sebastopol.

His client, Allyn Scura, may consider the option of leaving after 13 years, but the idea of abandoning her 5-acre Sebastopol place off Barnett Valley Road that she built from the ground up presents “a huge dilemma,” she fretted.

“Sebastopol has never burned (like other communities), but I don’t want to be naïve. If I know why, I can manage poor air quality and do the fire mitigation on my property and structure my life around it,” she said. “I designed and built this property and put my blood, sweat and tears into it. We love it here. But the idea of going through this (fire threat) every year is a real dilemma.”

The self-made eyewear designer may decide that she and her husband should leave and move into their San Clemente rental home, but Scura admits he doesn’t want to go, and her 16- and 21-year-old daughters are “upset” about the notion.

“If I had my druthers, I’d stay (in Sebastopol) and live out our dream of half the time in Sebastopol and half in San Clemente,” she said.

Another Santa Rosa agent has just started to hear the rumblings from clients that have also asked themselves a very existential question: “Where would I go?”

“There are other problems in every other area you can think of, and most I have talked to don’t want to leave friends and families,” said agent Pat Avila, who herself was burned out of her home during the Tubbs Fire of 2017.

According to Zillow economist Jeff Tucker, there’s an added benefit to residents deciding to leave.

“It’s quite possible to cash out of a Bay Area home, live anywhere else in the country and even retire with the home equity,” he said. “San Francisco is the best example of that. It’s reflected in the data that people don’t want to move too far when they’re moving out.”

The glut of listings in San Francisco has grown 2.5 times year over year.

Plus, San Francisco residents recognize they can seize on more space, especially when seeking a room to establish an office if they’re working remotely.

As for demographics, the trend is pronounced in millennials, Tucker cited.

“They are buying homes now as they move into their 30s. They’re just getting to it later like they did with marriage and kids,” he said.

The low interest rates have also made the life choice more attractive.

Sure, inventory is low — but as these enterprising millennials get rid of student loan debt and establish themselves in the workplace, they can overcome price obstacles with higher Bay Area incomes.

Low inventory is not a trend reserved to California that drives up the demand.

Sales are up 10.5% from a year ago and back to pre-COVID-19 levels of early 2020, the National Association of Realtors reported.

The number of U.S. homes listed dropped 35% this September compared to last year, Zillow reported.

“That’s a staggering change. I think of a pool of homes as bathtubs draining faster than four to five months ago. It makes the buyers more competitive over fewer options,” Tucker said.

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2019 Safeway Open at the Silverado Resort

Schedule of Events
September 23-29, 2019 | Silverado Resort and Spa
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MONDAY – SEPTEMBER 23rd:
JOHNNY MILLER PRO-AM
Closed to the Public



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TUESDAY – SEPTEMBER 24th:
PGA TOUR Practice Rounds
Closed to the Public



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WEDNESDAY – SEPTEMBER 25th:
Gates Open: 6:30AM
THE SAFEWAY OPEN PRO-AM PRESENTED BY CITI (NORTH COURSE)
• Tee Times Begin at Approximately 7:20AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Under Armour Junior Clinic – Free food and gifts for all kids 15 and under – 5:00PM



THURSDAY – SEPTEMBER 26th:
Gates Open: 6:30AM
• First Round Safeway Open
• Tee Times Begin at Approximately 7:20AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Concert Series on the Chevron Stage featuring Jake Owen 7:00PM
JAKE OWEN

FRIDAY – SEPTEMBER 27th:
Gates Open: 6:30AM
• Second Round Safeway Open
• Tee Times Begin at Approximately 7:20AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Concert Series on the Chevron Stage featuring Bad Company 7:00PM
BAD COMPANY

SATURDAY – SEPTEMBER 28th:
Gates Open: 8:00AM
• Third Round Safeway Open
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Concert Series on the Chevron Stage featuring Rob Thomas 5:30PM
ROB THOMAS

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SUNDAY – SEPTEMBER 29th:
Gates Open: 8:00AM
• Final Round Safeway Open
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Trophy & Check Presentation following play – 18th Green


*Tee Times subject to change
**Admission Included with Golf Ticket

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2018 Safeway Open Golf Tournament Information

Schedule of Events
October 1-7, 2018 | Silverado Resort and Spa

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MONDAY – OCTOBER 1st:
JOHNNY MILLER PRO-AM
Closed to the Public


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TUESDAY – OCTOBER 2nd:
PGA TOUR Practice Rounds
Closed to the Public


Picture

WEDNESDAY – OCTOBER 3rd:
Gates Open: 6:30AM
THE SAFEWAY OPEN PRO-AM PRESENTED BY CITI (NORTH COURSE)
• Tee Times Begin at Approximately 7:20AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Under Armour Junior Clinic – Free food and gifts for all kids 15 and under – 4:00PM


Picture

THURSDAY – OCTOBER 4th:
Gates Open: 6:30AM
• First Round Safeway Open
• Tee Times Begin at Approximately 7:20AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Concert Series on the Chevron Stage – Sammy Hagar & The Circle – 6:30PM**

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FRIDAY – OCTOBER 5th:
Gates Open: 6:30AM
• Second Round Safeway Open
• Tee Times Begin at Approximately 7:20AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Concert Series on the Chevron Stage – Young The Giant– 6:30PM**

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SATURDAY – OCTOBER 6th:
Gates Open: 9:30AM
• Third Round Safeway Open
• Tee Times Begin at Approximately 10:50AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Volunteer Party
• Safeway Open Concert Series on the Chevron Stage – Billy Idol – 5:30PM**

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SUNDAY – OCTOBER 7th:
Gates Open: 9:30AM
• Final Round Safeway Open
• Tee Times Begin at Approximately 10:30AM*
• Safeway Food & Wine Pavilion Open to All Spectators
• Safeway Open Trophy & Check Presentation following play – 18th Green

*Tee Times subject to change
**Admission Included with Golf Ticket