Silverado Resort is proud to host the 2023 Blue Note Jazz Festival, featuring Artist in Residence Robert Glasper with Dave Chappelle! The full lineup will be announced in March. Hotel and Ticket Packages are on sale starting Friday, February 10. Visit www.bluenotejazzfestival.com to purchase tickets.
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.
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.
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.
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
How To Watch – Thursday, September 15 – Sunday, September 18 (all times ET)
| 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
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 McIlroy, Matt 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)
| 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
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
How To Watch – Thursday, September 15 – Sunday, September 18 (all times ET)
| 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
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)
| 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
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
| 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–
| Schedule of Events September 23-29, 2019 | Silverado Resort and Spa |
MONDAY – SEPTEMBER 23rd:
JOHNNY MILLER PRO-AM
Closed to the Public
TUESDAY – SEPTEMBER 24th:
PGA TOUR Practice Rounds
Closed to the Public
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 |
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
Schedule of Events
|
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** |
|
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** |
|
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** |
|
Q: What should I watch out for when making an offer on a tenant occupied property?
A: I assume that you intend to take title to the house with the tenant still in possession of the premises, in which case you would become the tenant’s landlord. If this is the case then, in addition to all of the normal inspections that a buyer makes to determine the condition of the property, you must also determine the condition of the tenancy. First of all you should have made your offer using a standard form residential income property purchase agreement or a regular residential purchase agreement with a “Tenant in Possession” addendum (most agents will have access to these documents through the California Association of Realtors). Both documents require the seller, among other things, to provide the buyer with copies of all current leases, rental agreements, service contracts and other agreements regarding operation of the property. You should also receive an estoppel certifi cate signed by the tenant confirming the terms of the tenancy and affi rming that no defaults or claims are outstanding against the Seller. Further, provisions must be made for transfer of any existing, unused security deposit from seller to buyer because the buyer, as owner, will be responsible to the tenant for return of the security deposit to the tenant at the end of the tenancy, minus any allowable deductions. There should also be some sort of prohibition on the seller making changes to the terms of the tenancy prior to close of escrow.
Q: We are looking to purchase a home in the $500,000 range and are very qualified; however, we have only saved approximately $25,000 for a down payment. What are our loan options?
A: Assuming that you have good credit and acceptable debt to income ratios, there are several options available to you. The first option would be to utilize FHA financing, which only requires a 3.5% down payment. The second option would be to get a 5% gift from a family member and combine it with your 5% savings and utilize a 90% conventional loan. A third option would be to borrow 5% from an eligible 401K plan and combine the monies with your savings for a 10% down payment and 90% conventional loan. Lastly, if either you or your spouse is a qualified veteran, your required down payment would only be $10,000 on a $500,000 purchase price.
Q: I have made numerous offers and been beaten out each time by other buyers. Do you have any tips for getting my offer accepted in a multiple offer situation?
A: The real estate market in Napa County is very active right now with a low inventory of homes and a lot of interested buyers who are feeling better about the economy and their jobs. The upshot is multiple offers and homes selling at or above their asking price in many cases. The tactics that you should employ to position yourself for success in this type of market depend mostly on the specifics of the particular property that you want to offer on and they should be something that you develop in close consultation with your agent. For example, your agent will probably suggest different tactics for an offer to a traditional, non-distressed seller than he or she would if you were offering on a short sale or a bank owned repossession.
There are some general suggestions that I can make without knowing your situation. First is understanding the market for the home you are targeting so that you can offer a realistic price. Ask your real estate agent to provide you with MLS data that shows the most recent trend in price appreciation as opposed to relying solely on comparable sales. The market is moving fast and comparable sales are in many cases not indicative of current values. Second you should anticipate that at least some of the offers that you will be competing with will be “all-cash” with no loan contingency. Aside from offering a good price, the best way to compete with all-cash offers is to go through the underwriting process to be approved for a loan subject only to review of title and appraisal. Pre approval on your loan takes time and there are some roadblocks depending on the type of loan you seek, but doing so will make you look like a serious buyer and enable you to offer a shorter close of escrow period to the seller.
Q: I negotiated a 3% closing cost credit from the seller and want to know what closing costs can be covered by the credit?
A: A closing cost can be used for all recurring (interest, taxes and insurance) and nonrecurring (i.e: appraisal, title and escrow) closing costs associated with the purchase of your property. If the actual closing costs are less than the seller credit, the subject credit will be reduced to the amount of the true closing cost.
