Hawkins Way Capital Acquires Two Hotel Properties Comprising 150 Rooms

Hawkins Way Capital | January 19, 2023

SANTA BARBARA, Calif., Jan. 19, 2023 -- Hawkins Way Capital has acquired the parcels located at 3850 and 3840 State Street, together comprising 150 hotel rooms, a retail pad and multiple pools across approximately 4.0 acres in the desirable Upper State Street neighborhood in Santa Barbara. The parcels are currently improved with a 68 room Best Western Plus Pepper Tree Inn branded hotel and adjacent 82-room unbranded hotel. Hawkins Way Capital intends to combine the two properties into a single Best Western Plus Pepper Tree Inn, driving operational efficiencies by sharing resources and capitalizing on the consistent leis...