US: Bill Foley Adds Langtry Estate & Vineyards
US: Bill Foley Adds Langtry Estate & Vineyards
Nov 27, 2012 6
(Wines&Vines) - After announcing last week that his Foley Family Wines had bought the Ramal East Vineyard in the Carneros appellation and Lancaster Estate in the Chalk Hill appellation of Sonoma County, Bill Foley is set to announce that he’s buying a majority of the Guenoc/Langtry Estate brand, winery and vineyards in Lake County late today.
He’s also buying a minority interest in the non-vineyard parts of the massive 23,000-acre Langtry property in Guenoc Valley and nearby; part of the property laps over into Napa County. Most of the land is wild and undeveloped, but the current owner (Malulani Investments Ltd.) has extensive plans and permits for development including a resort community and already has built a golf course on the property.
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