RobertDouglas Advises Fespar Enterprises on Ground Lease for Luxury Hotel Development at Santa Barbara's Waterfront
California - RobertDouglas announced today that it advised Fespar Enterprises LLC in structuring a long-term ground lease with The Robert Green Company for the development of a world-class luxury resort on the waterfront in beautiful Santa Barbara, California.
The property will feature well-appointed guest rooms with a generous number of suites, plus a restaurant and bar, beautiful meeting space, ocean view outdoor function space, and a roof top pool deck and bar overlooking the Pacific Ocean. Details of the hotel brand have yet to be announced.
"The Site is considered to be the last waterfront development opportunity in one of California's premier resort markets, making this a truly irreplaceable Project," remarked Lindsey Whang, a Director at RobertDouglas based in Los Angeles.
"This ground lease signing was the culmination of a highly competitive process involving world-class developers, strategic and high net worth investors, and luxury hospitality brands that responded enthusiastically to the opportunity," noted Stephen O'Connor, a Principal and Managing Director of RobertDouglas.
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded in January 2013 and currently led by its four partners, Rob Stiles, Doug Hercher, Stephen O'Connor and Evan Hurd, RobertDouglas offers access to exceptional domestic and international institutional investor and lender relationships as it combines the capital markets sophistication of top-tier investment banks with diligent hotel underwriting and proven asset management experience. For more information, contact [email protected]‐douglas.com or go to www.robert-douglas.com.