35 State Street Hotel Partners, a Los Angeles-based real estate investment and development company led by Michael Rosenfeld, managing partner of Next Century Associates, owners of the famed Century Plaza Hotel in Los Angeles, has acquired the 1920s era Hotel Californian in the State Street Waterfront district in Santa Barbara along with two neighboring parcels.
Known as Entrada de Santa Barbara, 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, all designed in the Spanish Colonial Revival style of Santa Barbara. The project designed by DesignARC of Santa Barbara has also received Design Approvals from the Santa Barbara Historical Landmarks Commission.
35 State Street Hotel Partners is an affiliate of Woodridge Capital Partners, LLC, a broad based real estate investment company with hotel, residential and commercial assets throughout the United States. Woodridge and its CEO Michael Rosenfeld have been active in the real estate industry for more than 20 years.
For more information check out today's LA Times article:
http://www.latimes.com/business/realestate/la-fi-hotel-20110120,0,3900009.story
