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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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 →
The new owners of Bacara Resort & Spa say they want to put a fresh and friendlier face on the region’s largest luxury hotel.
There are plenty of lessons to be learned from Bacara and its sale to Ohana Real Estate Investors.
Ohana Real Estate Investors buys the region’s largest resort for less than half of its construction cost.