Pacific Hospitality Group Acquires Bacara Resort & Spa
IRVINE, Calif.—BRS Ventures, an affiliate of Pacific Hospitality Group, announced the purchase of Bacara Resort & Spa in Santa Barbara, Calif., from SB Luxury Resort, an affiliate of Ohana Real Estate Investors and Rockpoint Group, which have owned the property since 2011. The purchase price was not disclosed. READER COMMENTS
“We continually look to complement our expanding portfolio with properties that deliver exceptional experiences for both group and leisure travelers,” said Timothy Busch, founder and chief executive officer of Pacific Hospitality Group. “Pacific Hospitality Group’s style of comfortable luxury and genuine service will further enhance Bacara’s positioning as one of California’s most alluring retreats.”
The property, which opened in 2000, includes 354 guestrooms and suites, four restaurants and lounges, a four-story spa and wellness center, three swimming pools, and 50,000 square feet of function space.
The purchase of Bacara is the newest venture for Pacific Hospitality Group which has acquired three California coastal hotel assets in the past 15 months as part of its newly-formed Meritage Collection. The group also includes Estancia La Jolla Hotel & Spa in San Diego, Balboa Bay Resort in Newport Beach, and The Meritage Resort and Spa in Napa.
Bacara will continue to operate as the name Bacara Resort & Spa under the leadership of General Manager Kathleen Cochran.
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