September 29, 2022
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Real Estate: Firm headed by members of Firestone and Parker families buys Waterman hotel in Santa Barbara

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The Waterman in Santa Barbara's Funk Zone sold recently for $15.6M. (courtesy photo) Santa Barbara-based StonePark Capital announced on Aug. 16 its acquisition of The Waterman, a 31-room boutique hotel in Santa Barbara’s Funk Zone. The Waterman sold for $15.55 million in the second quarter of 2022, according to Radius Commercial Real Estate’s South Coast…

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