Cara Suites

Cara Hotels to manage Napa hotel

Cara Ho­tels has leased the 53-room ho­tel at­tached to the Na­tion­al Acad­e­my of the Per­form­ing Arts (Na­pa).

Ac­cord­ing to a De­cem­ber 2018 Cab­i­net note about the deal, the com­pa­ny will pay some $390,000 per year to lease the Na­pa Ho­tel, payable in quar­ter­ly tranch­es.

The first pay­ment is not ex­pect­ed un­til 2021.