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 →
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.
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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 →
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 →