Pacifica Hotels adds SpringHill Suites by Marriott Paso Robles Atascadero
Pacifica Hotels added another Central Coast location to its roster, bringing the SpringHill Suites by Marriott Paso Robles Atascadero under its management. Pacifica owns and operates 30 properties, including SpringHill Suites and the recent acquisition of the Hilton Garden Inn in Kauai, Hawaii, and the Atascadero site is its 15th on the Central Coast. The Read More →
Industrial space scarce, retail slows, office mixed
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Building more affordable housing difficult for tri-county developers
Building affordable housing can be anything but affordable for developers. Developers often need some sort of subsidy for affordable projects to pencil out, given the fact that they will receive below-market rents. Yet, the arena for federal income tax credits is becoming increasingly competitive. Projects are rated on a point system for the Low-Income Housing Read More →
Tri-county independent hotels thrive in today’s tourism market
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Homebuilding service eyes Central Coast for expansion
A new homebuilding service franchise is expanding into Santa Barbara and San Luis Obispo counties, promising to add more transparency to the construction process. Alair Homes began in Canada in 2006, offering builders the ability to outsource administrative functions and scale up through franchising. Alair handles website work, software, marketing outreach, accounting and other services Read More →
Pacifica Hotels buys Milner Hotel in Los Angeles
Pacifica Hotels purchased The Milner Hotel in downtown Los Angeles, the company announced on Jan. 25. Pacifica is one of the largest independent hotel owners and operators along the Pacific Coast with an office on Cliff Drive in Santa Barbara. The company said it is evaluating its long-term strategy for the property at 813 S. Read More →
Pacifica Hotels buys El Colibri Boutique Hotel & Spa in Cambria
Pacifica Hotels purchased El Colibri Boutique Hotel & Spa in Cambria for an undisclosed price, the company announced on Oct. 30. The deal marks Pacifica’s fifth property in Cambria. The Irvine-based hotel management company already owns the FogCatcher Inn, Pelican Inn & Suites, Cambria Landing Inn & Suites, and Fireside Inn on Moonstone Beach. The Read More →
