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Bacara Resort & Spa in Goleta put up for sale

By   /  Wednesday, February 8th, 2017  /  Latest news, Real Estate, Tourism  /  Comments Off on Bacara Resort & Spa in Goleta put up for sale

The Pacific Hospitality Group listed the Bacara Resort & Spa in Goleta for sale for an undisclosed amount, PHG Chief Investment Officer Kory Kramer said. The Irvine-based company has invested more than $25 million in upgrades and renovations since it purchased the resort in 2013 for an estimated $150 million to $180 million. Improvements included Read More →

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Goodland Hotel in Goleta sold for $41 million

By   /  Thursday, October 1st, 2015  /  Latest news, Real Estate, Tourism  /  Comments Off on Goodland Hotel in Goleta sold for $41 million

The Goodland Hotel in Goleta was sold to KHP Capital Partners for $40.9 million in September, property records show. The 158-room lodge was developed by Makar Properties, a privately owned real estate development company based in Newport Beach. Makar acquired the former Holiday Inn in June 2013 for $24 million and opened as The Goodland in Read More →

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Developers forecast a long cycle for hotel investments

By   /  Friday, October 31st, 2014  /  Latest news, Real Estate, Subscriber content, Top Stories, Tourism  /  Comments Off on Developers forecast a long cycle for hotel investments

Tourism activity in wine country and an influx of foreign visitors are driving the interest of developers from inside and outside the Tri-Counties.

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