California's Casa Madrona Has New Owner

Terra Resort Group has been chosen to manage Sausalito, CA's Casa Madrona Hotel.

At a foreclosure auction earlier this year, the 63-room hotel was bought for $11.4 by SIMA Management Corp. Previously the property owners owed over $24 million. The approximate value of the resort is $16.6 million.

Visit www.casamadrona.com.

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