Meneghetti was established about ten years ago as an ultra-luxurious boutique hotel with a winery, olive groves and a villa for rent. The first Meneghetti red wine, a 2007. Meneghetti Red, set new criteria for pricing of Istrian wine. It sold for about 50 euros. A blend of Merlot and Cabernet, Meneghetti Red is still one of the best Croatian red wines. The olive oils are among the most awarded in the world, and the small villa near Bale became a wine hotel with 25 rooms.