The commercial real estate recovery along the South Coast remained bumpy in the first half of the year, according to the latest report from Hayes Commercial Group.
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Two years after the historic Hotel Mar Monte was rebranded as the Hyatt Santa Barbara, the property has changed hands for more than $60 million. Chesapeake Lodging Trust, a Maryland-based hotel investment company, purchased the 171-room hotel from a Hyatt Hotel Corp. affiliate for $61 million, or $305,000 per room. In a July 1 announcement, Read More →
By Dana Olsen / Friday, May 17th, 2013 / Top Stories / Comments Off on Tourism leaders play up Santa Barbara’s celebrity cred
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By Dana Olsen / Friday, May 10th, 2013 / Top Stories, Tourism / Comments Off on Parker plans for second hotel are scaled down
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By Dana Olsen / Friday, April 19th, 2013 / Features, Real Estate, Tourism / Comments Off on Betting on luxury’s allure: Orient Express invests $134M in El Encanto
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By Dana Olsen / Friday, April 19th, 2013 / Features, Real Estate, Tourism / Comments Off on Grover hotel gets go-ahead: Proposed lodge receives Coastal Commission approval
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