CRE brokers: Bacara sold for as much as $180M, buoying market
The sale of Bacara Resort & Spa, a transaction industry insiders are pegging at a $150 million to $180 million deal, buoyed the South Coast commercial real estate market in the first quarter of the year. That was the view from Radius Commercial Real Estate & Investments in its latest quarterly market report. Radius noted Read More →
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Pacific Hospitality’s plan: New Bacara owners detail strategy
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Read More →Bacara Resort sold to Pacific Hospitality Group
Pacific Hospitality Group on Monday morning confirmed its purchase of the 78-acre Bacara Resort & Spa in Goleta. The Business Times first reported the pending sale of the 360-room resort last week. Pacific Hospitality, based in Irvine, already owns numerous high-end coastal properties. It purchased Bacara from Ohana Real Estate Investors and Rockpoint Group for Read More →
Read More →Resorts bring in new bosses to helm hotels as sales boom
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Read More →Ohana could double money on Bacara
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Read More →New owners field offers for Bacara
Six months after Ohana Real Estate Investors bought Bacara Resort & Spa for an estimated $104 million, industry sources say the luxury hotel is back on the market. According to several Santa Barbara hotel operators, a major international hotel chain recently approached Ohana with an unsolicited inquiry to purchase the 360-room Goleta resort. The offer Read More →
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