![]() He said hotels’ owners see this as a good time to sell, “and there are a lot of buyers with money, looking to make purchases like these as a hedge against inflation. Herlihy agreed, noting there’s a strong demand for hotels. And I think the future for hotels locally is pretty bright, and I think the buyers feel the same way.” ![]() Parker said hotels in drive-to markets “have really turned a corner,and are doing quite honestly, very well. Herlihy said the five-star, 121-key luxury hotel’s sale helped to increase the property value and sale for Hotel Indigo. Herlihy also represented the sellers of Hotel Californian, which is across the street from Hotel Indigo and was sold in September. “What has been beneficial is that with COVID, people have not been traveling abroad, so local drive-to markets have increased,” Mr. There are a lot of smaller mom-and-pop hotels on the beachfront making this hotel unique. It was renovated in 2012, and they did a good job delivering a nice product. “The restaurant Santo Mezcal and European-style rooms as well make the hotel unique,” he told the News-Press. Parker noted other unique facets for the hotel. “The Funk Zone is a coastal area below the freeway that was originally an industrial area that has been transformed into a wine tasting and foodie atmosphere including breweries, wineries and outdoor dining,” Mr. Herlihy, executive vice president of Radius Commercial Real Estate, also talked with the News-Press about the hotel’s unique location. If you are a tourist, being close to the beach, the pier and the Funk Zone, makes it a much more attractive location.,” Mr. “I think it is safe to say it increases the value. One of the special features of Hotel Indigo is its beachfront location. Parker, broker for Radius Commercial Real Estate, said in a news release. “I think as we continue to experience a resurgence in South Coast tourism following a rough 18-plus months due to the pandemic, we’re going to see more and more activity and interest in local hotel assets,” Mr. The hotel was originally purchased by the partnership in 2010 out of foreclosure and was previously a youth hostel. The managing partners of the partnership are Laurie and Mark Recordon. The franchise agreement of the partnership that owned the hotel Indigo was coming upon its expiration date, and the partnership decided that it was a good time to sell. With the exterior charm of a Victorian-era building, the 15,870-square-foot interior was gutted and remodeled. both designed by AB design studio, Hotel Indigo is the first art hotel located in the popular State Street tourist area. The buyer is an investor who plans to continue to operate Hotel Indigo as an independent or branded hotel. SANTA BARBARA 93101 805 963-2100 Los Angeles 12421 Venice Blvd Ste 210 Los Angeles 90066 310 982-2779. I had a great overnight stay with my two dogs at the Hotel Indigo Santa Barbara. Additional charges may apply.According to Radius Commercial Real Estate, the listing generated 11 offers and closed in only 45 days, about half the time of the standard 90-day closing period for hotels. Or, browse all pet friendly hotels in Santa Barbara if youre still. Please note that all special requests cannot be guaranteed and are subject to availability upon check-in. You must show a valid photo ID and credit card upon check-in. #HOTEL INDIGO SANTA BARBARA FULL#Your deposit will be refunded in full by credit card, subject to an inspection of the property. A damage deposit of USD 50 is required on arrival. It's not possible to stay at this property for coronavirus (COVID-19) quarantine purposes. Due to the coronavirus (COVID-19), wearing a face mask is mandatory in all indoor common areas. ![]() All bedrooms feature en suite facilities with plush. Certain services and amenities may be reduced or unavailable as a result. The Hotel Indigo Santa Barbara boasts an ideal location close to the main station and the beachfront. Due to the coronavirus (COVID-19), this property is taking steps to protect the safety of guests and staff. Food and beverage services at this property may be limited or unavailable due to the coronavirus (COVID-19). It was founded in 2004 at entertainment district of Midtown, Atlanta. ![]() In response to the coronavirus (COVID-19), additional safety and sanitation measures are in effect at this property. Hotel Indigo is a hotel chain that is part of the InterContinental Hotels Group. Please note that all Special Requests are subject to availability and additional charges may apply. Guests are required to show a photo ID and credit card upon check-in. ![]()
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