February 2, 2023
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CRE brokers: Bacara sold for as much as $180M, buoying market

By   /  Friday, May 3rd, 2013  /  Columns  /  Comments Off on 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

By   /  Friday, March 29th, 2013  /  Features, Tourism  /  Comments Off on Pacific Hospitality’s plan: New Bacara owners detail strategy

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New Bacara owners plan millions in upgrades

By   /  Friday, March 1st, 2013  /  Real Estate, Top Stories, Tourism  /  Comments Off on New Bacara owners plan millions in upgrades

The new owners of Bacara Resort & Spa in Goleta plan to spend millions of dollars to upgrade the 78-acre coastal resort. On Feb. 25, Irvine-based Pacific Hospitality Group confirmed it had purchased the 360-room Bacara Resort from Ohana Real Estate Investors and Rockpoint Group for an undisclosed amount. The deal marks a successful turnaround Read More →

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Bacara Resort sold to Pacific Hospitality Group

By   /  Monday, February 25th, 2013  /  Latest news, Real Estate, Tourism  /  Comments Off on 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 →

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Resorts bring in new bosses to helm hotels as sales boom

By   /  Monday, September 17th, 2012  /  Top Stories, Tourism  /  Comments Off on Resorts bring in new bosses to helm hotels as sales boom

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Ohana could double money on Bacara

By   /  Friday, February 3rd, 2012  /  Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Ohana could double money on Bacara

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New owners field offers for Bacara

By   /  Monday, January 30th, 2012  /  Latest news  /  2 Comments

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 →