April 2, 2024
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Ritz-Carlton Bacara sold as part of $3.8B deal


The Ritz-Carlton Bacara Santa Barbara, on the Goleta coast (file photo) The Ritz-Carlton Bacara Santa Barbara is among 25 hotels in a portfolio being sold by Watermark Lodging Trust to private real estate funds managed by Brookfield Asset Management. Toronto-based Brookfield will pay $3.8 billion in an all-cash transaction to acquire the assets of Watermark,…


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