Real Estate: Lower State Street becoming a billionaire’s row for hotel owners
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Real Estate: Hotel Californian was Santa Barbara’s biggest hotel sale in years
The Hotel Californian on lower State Street in Santa Barbara was purchased for an estimated $130 million, according to Hayes Commercial Real Estate’s recently released South Coast market report. Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, bought the 121-room hotel near Santa Barbara’s Read More →
Street Smarts: Foley’s hotel purchase means his wine bar leaves Bacara
Let the luxury hotel wine bar wars begin. Now that financier-winery proprietor-Golden Knights NHL team owner Bill Foley owns the Hotel Californian, he’s moving his The Foley Food & Wine Society from the Ritz-Carlton Bacara in Goleta to his newly purchased digs near Santa Barbara’s waterfront. The club will be located at the hotel’s Djinn Read More →
Bill Foley buys Hotel Californian
Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, has purchased the Hotel Californian on lower State Street in Santa Barbara. Foley Entertainment Group announced the purchase Sept. 1 and did not disclose the price. The property’s assessed value is $33.5 million, according to Santa Read More →
Checking in with wine at the Hotel Californian
Santa Barbara’s downtown shopping district is struggling, but there’s plenty of vitality at the Hotel Californian, where the owners of three wineries have located tasting rooms. Wes Hagen, winemaker and spokesman for the hotel’s newest wine tenant, J. Wilkes Wines, said the location is one of the most beautiful spots he’s ever seen for a Read More →
South Coast hotels find luxury niche
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SB County hotel bookings rose in 2018 despite Montecito mudslide closures
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