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Pacific Hospitality Buys Santa Barbara Resort

An affiliate of Irvine-based Pacific Hospitality Group LLC has bought the Bacara Resort & Spa, a 354-room luxury hotel in Santa Barbara.

The resort, known for catering to celebrity guests, was sold by an affiliate of Redwood City-based Ohana Real Estate Investors LLC.

Terms of the sale were not disclosed. Ohana bought the property in mid-2011 for a reported $105 million.

Along with Pacific Hospitality, other investors in Bacara include Irvine-based private equity company Eagle Four Partners and Bill Foley, a local vineyard owner.

Pacific Hospitality and Eagle Four partnered last year to buy the Balboa Bay Club & Resort in Newport Beach and Newport Beach Country Club.

Bacara, built in 2000, is located on the Gaviota coast, 40 miles from the Santa Ynez Wine Country and 10 miles from the Santa Barbara Airport.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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