Wine Spectator: Charles Banks and Partners Buy Mayacamas Vineyards

Napa Valley’s historic Mayacamas Vineyards has been sold by longtime owner Bob Travers and acquired by investor Charles Banks and his wife, Ali, in partnership with retail entrepreneur Jay Schottenstein and his son, Joey, reports Wine Spectator. The sale price was not disclosed.

One of California’s oldest boutique Napa wineries, Mayacamas Vineyards made its reputation on distinctive, long-lived Cabernet Sauvignon and Chardonnay. Banks, the former president of CSI Capital Management in San Francisco, served as managing partner at Napa’s Jonata and Screaming Eagle wineries before leaving in 2009 to found Terroir Capital, a winery, restaurant and hotel investment group. The Schottenstein family purchased Carmel Winery in Israel earlier this year.

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