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View of rooftops in Santa Barbara
AECFinanceHospitalityIndustry NewsLos AngelesNews Releases

Stratus Development Secures $16.5MM in CPACE Construction Financing for Marriott Tribute Hotel in Santa Barbara

Luxury Hotel Development near Santa Barbara’s Trendy Funk Zone to Feature 105 rooms, rooftop amenity Santa Barbara, Calif. – Concord Summit Capital, LLC (“Concord...

BySeptember 9, 2025
FinanceHospitalityIndustry NewsLos AngelesNews Releases

Foley Group Acquires 121-Key Luxury Hotel in Santa Barbara for $103MM

(EDITOR’S NOTE: According to public records, the property was sold for $102,896,500, or approximately $850,000 per room. The property was sold by an...

BySeptember 13, 2021

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