Hotel Californian Sold to Vineyard, Entertainment Company Owner Bill Foley

121-Room State Street Hotel Sold for Undisclosed Amount September 1

Credit: Courtesy of Lee & Associates

The Hotel Californian, one of the anchor points of Santa Barbara’s thriving Funk Zone, just changed hands in what Lee and Associates Central Coast, a commercial real estate group, is calling “one of the largest ever sales of hotel property in Santa Barbara.”

该交易由9月1日的未披露金额结束,由当地的圣塔芭芭拉商业房地产公司Radius商业房地产和Lee&Associates Central Coast领导,Austin Herlihy和Radius的Chris Parker代表卖方,以及Steve Leider和Clarice Leider和Clarice Leider和Clarice。Lee&Associates的Clarke代表新所有者Bill Foley。

Foley is the founder of Foley Family Wines, which owns several vineyards across the world and locally in the Santa Ynez Valley. Foley is also the chair of Foley Entertainment Group, which oversees sports properties, leisure properties, and restaurants across California, Nevada, and Montana.

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The 121‐room hotel includes more than 21,000 square feet of retail and restaurant space.

The redeveloped, landmark property was originally home to the historic Hotel Californian, which was built in 1925 and destroyed shortly after in a major earthquake that rocked the area. The property sat vacant until it was purchased as a major development project titled “La Entrada” in 2011 by 35 State Street Hotel Partners.

“我们很高兴欢迎加利福尼亚酒店加入Foley Entertainment Group Family,” Foley Entertainment Group Ceo Randy Morton说。“加利福尼亚酒店拥有令人难以置信的机会,成为下层州街文艺复兴时期的一部分和圣塔芭芭拉放克区的发展。我们期待与Foley Food&Wine Society和其他FEG实体进行创新合作,以进一步增强客人体验。”

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