February 22, 2024
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Real Estate: Lower State Street becoming a billionaire’s row for hotel owners


The Hotel Santa Barbara on State Street (courtesy photo) Two high-profile Santa Barbara hotels were acquired by billionaires in 2021, according to Hayes Commercial Group’s recently released South Coast market report. Diane Hendricks purchased the 75-room Hotel Santa Barbara in downtown Santa Barbara for $41.9 million in the fourth quarter of 2021, following Bill Foley’s…


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