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 →
Ohana could double money on Bacara
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New owners field offers for Bacara
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 →
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.
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.
Hawaiian group bets $104M on Bacara
Ohana Real Estate Investors buys the region’s largest resort for less than half of its construction cost.