114
SANTA BARBARA, CALIF. — 35 State Street Hotel Partners has acquired the 1920s-era Hotel Californian, located in Santa Barbara’s State Street Waterfront District, along with two neighboring parcels from M.F. Santa Barbara LLC. Terms of the deal were not disclosed. Designed by Santa Barbara-based DesignARC in the city’s traditional Spanish Colonial Revival style, the three-parcel project is fully entitled for a 114-room luxury hotel, nine fractional vacation units and 21,557 square feet of retail space, with open plazas, paseos and gardens. The now-shuttered Hotel Californian was built in 1925; one of the hotel’s original facades will be restored as part of the new structure, which is envisioned as a boutique-style property.