WEATHER »

Bacara Deal Finalized

Pacific Hospitality Group Buys Resort


Last week’s rumors that the Bacara Resort was about to be sold were confirmed on Monday when the Orange County-based Pacific Hospitality Group (PHG) announced that it had purchased the 360-room property for an undisclosed sum. The seller was the Bay Area-based Ohana Real Estate, which took over the property in July 2011 after buying it from the original developer for nearly $105 million.

Located in Irvine and founded in 1997, Pacific Hospitality Group operates seven hotels, all in Southern California except for The Meritage, a luxury resort in Napa Valley. Its CEO and founder, Tim Busch, made his original fortune on Busch Markets, the largest independent grocery chain in Michigan, and also owns a winery called Trinitas Cellars in Napa. He’s an avid supporter of Catholic causes.

Also involved in the Bacara deal are Eagle Four Partners, a PHG investor, and vintner Bill Foley, who owns many wine businesses throughout California and plans to enhance the Bacara by making it part of the Foley Food & Wine Society.

To submit a comment on this article, email letters@independent.com or visit our Facebook page. To submit information to a reporter, email tips@independent.com.



event calendar sponsored by:
This Week's Issue

ICE Detains Individual on Westside

Enforcement action on Wednesday morning questioned community members and picked up one person.

Rough Start for San Marcos Principal Search

Parents and board members are demanding more transparency from the district.

County Approves Farmworker Housing

Board votes unanimously to amend county code.

San Ysidro Ranch Rises from Mud

Historic Montecito resort starts serving food, will open cottages in March.

UCSB Gifted Las Varas Ranch

Billionaire Charlie Munger finances purchase of “coastal jewel.”