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Noozhawk: Santa Barbara Hotel Has New Owners

October 26, 2012

Santa Barbara Hotel Has New Owners

The El Prado/Days Inn Hotel, 1601 State in Santa Barbara, has been sold to a group of local investors. (Lara Cooper Noozhawk photo).
Santa Barbara, Calfornia – Published 10/26/2012
Noozhawk
Santa Barbara Hotel Has New Owners
By Gina Potthoff, Noozhawk Staff Writer

The El Prado/Days Inn Hotel in Santa Barbara has been sold to a group of local investors.

The 68-room hotel, at 1601 State St., was purchased by 1601 State Street Hotel Investors LP, which was looking for a hospitality investment in Santa Barbara to participate in an increasingly attractive market, according to Radius Commercial Real Estate.

Steve Brown, Austin Hetliy and Chris Park of Radius represented both the buyer and seller of the property, which was listed at $15.25 million.

“This was a unique opportunity to purchase a hotel in a desirable section of State Street,” Park said, “just walking distance from the most popular attractions in Santa Barbara.

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