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109 Bath Street

Warren Resort Hotels Acquires Franciscan Inn & Suites Hotel In Santa Barbara For $22.5M
SOLDHotel

Warren Resort Hotels Acquires Franciscan Inn & Suites Hotel In Santa Barbara For $22.5M

109 Bath Street

$22,500,000

Building Size

Asset Type

Hotel

Closing

Mar 2, 2026

AI

A hotel asset, specifically the Franciscan Inn & Suites, located at 109 Bath Street in Santa Barbara, California, has been sold. The transaction was valued at $22,500,000, translating to approximately $424,528 per key. This boutique hotel features a total of 53 keys and is situated near West Beach, Santa Barbara Harbor, and the Funk Zone.

Summary of transaction details:

This transaction involved multiple brokers, with the marketing of the property being facilitated by brokers from Colliers and Radius Group. The team from Colliers included Austin Herlihy, Chris Parker, Miles Waters, Mike Lopus, and Mike Chung, while Steve Golis represented Radius Group in the deal.

Players

Austin Herlihy

Broker

$33.7M

vol

2 deals

Broker
Warren Resort Hotels
Warren Resort HotelsBuyer

Santa Barbara Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93