March 29, 2024
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New Bacara owners plan millions in upgrades

By   /  Friday, March 1st, 2013  /  Real Estate, Top Stories, Tourism  /  Comments Off on New Bacara owners plan millions in upgrades

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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Ohana could double money on Bacara

By   /  Friday, February 3rd, 2012  /  Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Ohana could double money on Bacara

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New owners field offers for Bacara

By   /  Monday, January 30th, 2012  /  Latest news  /  2 Comments

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 →

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Bacara’s new outlook: Resort’s buyers reveal their plans

By   /  Friday, September 9th, 2011  /  Features, Real Estate  /  Comments Off on Bacara’s new outlook: Resort’s buyers reveal their plans

The new owners of Bacara Resort & Spa say they want to put a fresh and friendlier face on the region’s largest luxury hotel.

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A few helpful hints for Bacara’s new owners

By   /  Thursday, July 28th, 2011  /  Columns, Opinion  /  Comments Off on A few helpful hints for Bacara’s new owners

There are plenty of lessons to be learned from Bacara and its sale to Ohana Real Estate Investors.

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Hawaiian group bets $104M on Bacara

By   /  Thursday, July 28th, 2011  /  Banking & Finance, Real Estate, Top Stories  /  Comments Off on Hawaiian group bets $104M on Bacara

Ohana Real Estate Investors buys the region’s largest resort for less than half of its construction cost.