GOLETA, CA-HFF has closed the sale of the Holiday Inn Santa Barbara-Goleta, a 160-room, full-service hotel.
HFF marketed the property on behalf of the seller, Santa Barbara Owner, LLC, a wholly owned subsidiary of FelCor Lodging Trust. MP-Goleta Hotel Partners, LLC purchased the asset for $24 million free and clear of existing debt.
The hotel was sold unencumbered of both franchise affiliation and management.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
