The area has seen a boom in hotel remodels and renovations recently, with upgrades to Hotel Santa Barbara and Fess Parker’s DoubleTree Resort, among others.
By Editorial Board / Friday, January 17th, 2014 / Latest news / Comments Off on Editorial: Having Warner at work might be a plus for South Coast
A contrite Ty Warner escaped prison time when he went before a federal judge on Jan. 14 after pleading guilty to federal tax evasion charges and paying a huge fine.
Toy magnate and Santa Barbara hotelier Ty Warner has avoided prison time, instead landing probation and community service at a Jan. 14 court hearing in Chicago.
After several false starts over the years, the Fess Parker family is moving forward with revised plans for its second waterfront hotel in Santa Barbara, one of a few hotel developments in the city that could see progress in the New Year.
The Lompoc Tourism Improvement District was unanimously approved by the City Council on Dec. 5 and has overwhelming support from hotel owners in the city. The district will take effect Jan. 1, assessing a 2 percent tourism fee on hotel stays to generate funds to advertise the city to potential travelers.
The family of late actor and developer Fess Parker has submitted initial concept drawings to the Historic Landmarks Commission for the property on Cabrillo Boulevard. The Parkers told the Business Times that they are moving forward with plans for an upmarket, boutique inn, which would be located next to the 360-room Fess Parker DoubleTree Resort.
Montecito hotel magnate Pat Nesbitt could lose as many as half of his Embassy Suites properties under a recently approved bankruptcy reorganization plan.
Nesbitt and his company, Windsor Capital Group, parked a portfolio of eight Embassy Suites hotels in Chapter 11 bankruptcy, listing more than $100 million in debts, after being unable to work out a deal with his servicer, New York-based Torchlight Investors. Nesbitt’s Embassy Suites properties in Lompoc and San Luis Obispo were not involved in the case.
Court documents filed in U.S. Bankruptcy Court in Santa Barbara indicate the eight hotels in the bankruptcy are now slated to go to the auction block.
