Hotel Oceana gets a new name as waterfront inns ready for boom
The 122-room property at 202 W. Cabrillo Blvd. was purchased last month by Philadelphia-based investment firm HHM for $41.7 million, including the assumption of $24.9 million in mortgage debt.
Santa Barbara firms team up to buy Avila Beach hotel project
The project, which has not yet started to wind its way through what will likely be a lengthy entitlement process, is the second investment by Somera Management and Postcard Properties in south SLO County.
Big firms check in to Santa Barbara hotel boom
A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.
Meet, greet and click: Firm connects event planners, conference centers
Elite Meetings International is a company that started out aiming to make it easier for corporate planners to find a good luxury hotel but ended up helping those same hotels do more business by creating better booking software.
