Bacara Resort & Spa in Goleta to become a Ritz-Carlton
Pacific Hospitality Group confirmed Sept. 12 that it had entered the final stages of a sale of the Bacara Resort & Spa in Goleta to a new buyer and its transition to a new management company but declined to provide names. Industry sources said that it had been bought by New York real estate investment Read More →
The Foley effect: Wine baron rolls out members-only club at Bacara
Foley launched the Food & Wine Society to take advantage of his diverse holdings in vineyards, wineries, vacation properties in Montana and his investment as a minority owner of Pacific Hospitality Group, which bought Bacara in February for an estimated $150 million to $180 million.
Pacific Hospitality’s plan: New Bacara owners detail strategy
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Bacara Resort sold to Pacific Hospitality Group
Pacific Hospitality Group on Monday morning confirmed its purchase of the 78-acre Bacara Resort & Spa in Goleta. The Business Times first reported the pending sale of the 360-room resort last week. Pacific Hospitality, based in Irvine, already owns numerous high-end coastal properties. It purchased Bacara from Ohana Real Estate Investors and Rockpoint Group for Read More →
