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RobertDouglas Advises Fespar Enterprises on Ground Lease for Luxury Hotel Development at Santa Barbara's Waterfront

Los Angeles, CA - 04 September 2019

Los Angeles, CA – September 4, 2019 – 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 project is situated on a breathtaking 3-acre waterfront site with spectacular views of the Pacific Ocean and down the coast. It faces a pristine ocean front park, sand beach and whitewater along Santa Barbara’s beautiful Cabrillo Boulevard. The project has been impeccably designed with classic Santa Barbara-style architecture by renowned hospitality architect Robert Glazier.

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.

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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  by  two  of  the  hotel  industry’s  preeminent  finance  professionals,  Rob  Stiles  and  Doug  Hercher,  RobertDouglas  offers  exceptional  domestic  and  international institutional  investor  and  lender  relationships.  RobertDouglas  combines  the  capital  markets sophistication of top-tier investment banks with detailed hotel underwriting and  asset  management  experience,  providing  the  firm  with  unique  capabilities  in  an  underserved market. For more information, contact info@robertdouglas.com or go to www.robert-douglas.com.

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