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$100M Nesbitt hotel portfolio files Chapter 11

By   /  Friday, August 10th, 2012  /  Real Estate, Top Stories, Tourism  /  Comments Off on $100M Nesbitt hotel portfolio files Chapter 11

Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a $187.5 million loan used to refinance Read More →

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El Encanto taps McIver for hotel grand reopening

By   /  Friday, August 3rd, 2012  /  Features, Real Estate, Tourism  /  Comments Off on El Encanto taps McIver for hotel grand reopening

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Nesbitt hotels file $100M bankruptcy

By   /  Thursday, August 2nd, 2012  /  Banking & Finance, Personal Finance, Real Estate, Top Stories, Tourism  /  Comments Off on Nesbitt hotels file $100M bankruptcy

[Editor’s note: See correction appended below.] Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a Read More →

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Paso Robles approves its first wine country mega-resort

By   /  Friday, July 27th, 2012  /  Columns, Tourism  /  Comments Off on Paso Robles approves its first wine country mega-resort

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Pacifica expands SLO County portfolio with hotel buys, remodels

By   /  Monday, July 9th, 2012  /  Real Estate, Top Stories, Tourism  /  Comments Off on Pacifica expands SLO County portfolio with hotel buys, remodels

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Editorial: Moving dirt on Miramar should be top priority

By   /  Friday, June 29th, 2012  /  Editorials, Opinion  /  Comments Off on Editorial: Moving dirt on Miramar should be top priority

Santa Barbara County’s Board of Supervisors has narrowly approved a new tax rebate for hotel mega-projects. Now it will be up to Los Angeles developer Rick Caruso to walk the walk and start moving dirt at the much debated, long-delayed Miramar Hotel and Cottages in Montecito. And it will be up to the Board of Read More →

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Chumash add $13M hotel to holdings

By   /  Friday, June 8th, 2012  /  Top Stories, Tourism  /  Comments Off on Chumash add $13M hotel to holdings

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