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CONTACT LISTING AGE N TS FOR DETA I LE D

O F F E R I N G M E M O R A N D U M

FRANCISCANI N N & S U I T E S

109 BATH ST | SANTA BARBARA CA 93101

53-Key Boutique Hotel in Santa Barbara’s famed West Beach Neighborhood

∙ O F F E R E D A T ∙

$ 2 1 , 7 5 0 , 0 0 0

C A L L F O R O F F E R S O N

J U N E 3 , 2021

FRANCISCANIN N & SUIT E S

C A L L F O R O F F E R S O NJ U N E 3 , 2021

B O B T U L E R805.879.9605

[email protected] Lic. 00643325

PA U L G A M B E R D E L L A805.879.9622


G E N E D E E R I N G805.879.9623


J U S T I N D I E M805.879.9634


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D E TA I L E D O F F E R I N G M E M O R A N D U M

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FRANCISCANIN N & SUIT E S

P R E S E N T E D B Y R A D I U S C O M M E R C I A L R E A L E S T A T E | R A D I U S G R O U P . C O M

T H E O F F E R I N G


T H E F R A N C I S C A N I N N & S U I T E S | S A N T A B A R B A R A C A 9 3 1 0 1 5

P R O P E R T Y B R E A K D O W N

TOTAL

Building: ±21,355 SFLand: ±50,488 SF (±1.16 Acres)

53 Keys

302 W Mason St

Building: ±2,275 SFLand: ±7,594 SF

7 Keys

109 Bath St


22 Keys

117 Bath St


24 Keys

Parking51 Spaces

ZoningR-4/S-D-3

Flood Zone DesignationAH

E X E C U T I V E S U M M A R YThe Franciscan Inn& SuitesThe Franciscan Inn & Suites is a well-established boutique hotel, nestled in Santa Barbara’s famed

West Beach. Just over a block from the sand and surrounded by lush palm trees, the location is

walkable to both West and East beaches, Santa Barbara Harbor, Stearns Wharf, State Street, and the

bustling Funk Zone. Boasting 53 rooms, this asset is incredibly rare and primed for generational or

investor ownership. This California mission style property has been well kept by a multigenerational

family, and with further investment in guest experience, higher occupancy and ADR are achievable.

Do not disturb hotel operation, call listing agent for details.

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Amenities

Complimentary Parking

Pool

Hot Tub (Separate from Pool)

Afternoon Reception

Breakfast Bar

Gift Shop

Guest Laundry

Notable Capital Expenditures (2015–2020) Total: Approx. $2,000,000

ADA Parking & Improvements

Roof Replacement

Shutters & Awnings

Wifi, Website & Phone Systems

Pool & Jacuzzi Upgrades

Guest & In-house Laundry

Water Softeners

LED Lighting


“Best Beach Town”Sunset Magazine’s 2015 Inaugural Travel Awards

“The 12 Best Cities for a Weekend Getaway”

U.S. News & World Report

“30 Best Small Cities in America”

Condé Nast Traveler’s Readers’ Choice Awards

THE AMERICAN Symbolizing the ultimate in casual California lifestyle,

Santa Barbara is undoubtedly one of America’s most desirable destinations to live and travel.

RIVIERA

T H E F R A N C I S C A N I N N & S U I T E S | S A N T A B A R B A R A C A 9 3 1 0 1 7

7.2MMOver 7 million visitors to the

South Coast in 2017

1.9BAnnual visitor spending accounts

for about $1.9 billion

PLUSThe region is home to 220 vineyards

and 23,000 acres of vineyards.

Tourism & Hospitality Industry supports roughly 18,341 jobs.

Visitor split — 67.4% California Travelers, 17% Other US States, 17% International.

24% of visitors spend at least 1 night in area hotels.

Average trip length 3 days / 2.4 nights.

Source: 2016/2017 Destination Analysts

& Visit Santa Barbara

THE AMERICAN T H E M A R K E T RIVIERALocated on a pristine coastline approximately 337 miles south of San

Francisco and 93 miles north of Los Angeles, Santa Barbara is nestled

between the Pacific Ocean and the Santa Ynez Mountains. This

stretch of coast is known as the “American Riviera” because of its mild

Mediterranean climate.

With a population of approximately 92,101, Santa Barbara is both

small and vibrant. Locals and visitors are drawn to the city’s charming

downtown and picturesque State Street with its rich Spanish architecture

and historical sites, wide variety of shops and galleries, numerous Zagat-

rated restaurants and thriving open-air shopping centers like the famed Paseo Nuevo Mall. Pristine, sunny beaches, an

expansive harbor and countless outdoor attractions including the Santa Barbara Zoo, Santa Barbara Mission, Stearns

Wharf and Santa Barbara Museum of Natural History all add to the area’s appeal. And with nearly 220 vineyards within

a short drive, Santa Barbara County is a renowned wine region offering an array of some of the finest labels in the world.

TourismAnnually, Santa Barbara welcomes more than 7.2 million tourists and approximately 30 cruise ships which generate over $1.9 billion in visitor spending.

Santa Barbara is sometimes referred to as the American Riviera. Its beautiful beaches, majestic mountains, and colorful

culture make Santa Barbara a premier resort destination as well as an attraction for neighbor counties such as Ventura

County (Population 854,223), San Luis Obispo County (Population 252,631) and Los Angeles County (Population

10,163,507). World-class accommodations and dining await many visitors. From the City, you are just minutes away

from Santa Barbara wine country. The gorgeous Santa Ynez Valley, with its breath-taking vistas, is home to such notable

attractions as Solvang and the Chumash Reservation.

The travel and tourism sector continues to be a driving force behind Santa Barbara County’s economy. In 2019, leisure

and hospitality workers totaled 28,614, according to UCSB’s Economic Forecast Project. (Compare that to 4,009 workers

in the tech industry, 18,341 in retail and 23,035 in farming.) Annual spending by travelers to the South Coast totals more

than $1.9 billion and generates more than $45 million in yearly tax revenues, according to Destination Analysts, a tourism

market research firm.

S A N T A B A R B A R A , C A 9 3 1 0 1

B O B T U L E R805.879.9605


G E N E D E E R I N G805.879.9623


PA U L G A M B E R D E L L A805.879.9622


J U S T I N D I E M805.879.9634


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C O N T A C T L I S T I N G A G E N T S F O R D E T A I L E D O F F E R I N G

M E M O R A N D U M

The Franciscan Inn& Suites

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226 E. De La Guerra, Suite 100 • Santa Barbara, CA • 93101 • tel: 805.965.5500 • www.radiusgroup.com

Confidentiality and Registration Agreement

Property Address: 117 Bath Street, 109 Bath Street, and 302 W. Mason Street, Santa Barbara, CA 93101

(“Property”).

This Letter of Confidentiality, dated this ___day of _____ 2021, is being provided to

(“Potential Buyer”).

Please be advised that Franciscan Motel Corporation (“Seller”) is considering a possible sale of the

Property with Radius Group Commercial Real Estate acting as the authorized selling representatives

(collectively, “Broker”). Broker has available for review certain information concerning the Property

which includes brochures, documents and other materials (collectively “Informational Materials").

Please be advised that neither the Seller nor Broker will make such Informational Materials available to

the Potential Buyer with regard to the contemplated sale of the Property unless and until the Potential

Buyer has executed this letter (“Letter of Confidentiality") and thereby agrees to be bound by its terms.

We are prepared to provide the Informational Materials for the Potential Buyer's consideration in

connection with the possible sale of the Property to the Potential Buyer, subject to the conditions set

forth below.

1. All Informational Materials relating to the Property which may be furnished to the Potential

Buyer by the Seller, Property Manager, or Broker shall continue to be the property of the Seller.

The Informational Materials will be used by the Potential Buyer solely for the purpose of

evaluating the possible acquisition of the Property and not for any purpose not related to the

possible acquisition of the Property. In addition, The Informational Materials may not be copied

or duplicated without the Seller’s prior written consent and must be returned to the Seller and

any copies of such Informational Materials destroyed within three (3) business days of Seller’s

request, or when the Potential Buyer declines to make an offer for the Property or terminates

discussions or negotiations with respect to the Property.

2. The Potential Buyer will not make any Informational Materials available, or disclose any of the

contents thereof, to any person, unless such person has been identified to the Seller in writing

and the Seller has approved the furnishing of the Informational Materials or such disclosure to

such person, and such person has entered into an agreement with the Seller, the provisions of

which agreement shall be substantially the same as the provisions of this Letter of

Confidentiality, provided however, that the Informational Materials and this Letter of

Confidentiality may be disclosed to the Potential Buyer's partners, architects, planners,

contractors, employees, legal counsel and institutional lenders (“Related Parties”) who, in the

Potential Buyer's best reasonable judgment, need to know such information for the purpose of

evaluating the potential sale of the Property or any interest therein by the Potential Buyer. Such


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Related Parties shall be informed by the Potential Buyer of the confidential nature of the

Informational Materials and shall be directed in writing by the Potential Buyer to keep all the

Informational Materials strictly confidential in accordance with this Letter of Confidentiality. The

Prospective Buyer shall be responsible for any violation of this provision by any Related Party.

3. Although we have endeavored to include in the Informational Materials information which we

believe to be relevant to the purpose of your investigation, the Potential Buyer understands and

acknowledges that Seller, Property Manager, and Broker make no representations or warranties

as to the accuracy or completeness of the Informational Materials. The Potential Buyer further

agrees and acknowledges that the information used in the preparation of the Informational

Materials was furnished to the Seller, Property Manager and Broker by others and has not been

independently verified by Seller, Property Manager, or Broker and is not guaranteed as to

completeness or accuracy. The Potential Buyer agrees that the Seller, Property Manager, or

Broker shall have no liability for any reason to the Potential Buyer or any of its representatives

or Related Parties arising out of or resulting from the use of the Informational Materials by any

person in connection with the sale of, or other investment by the Potential Buyer in the

Property, whether or not consummated for any reason and Potential Buyer hereby expressly

releases Seller, Property Manager and Broker from any such claims.

4. The Potential Buyer acknowledges that the Property has been offered for sale, subject to

withdrawal from the market or rejection of any offer because of the terms thereof, or for any

other reason whatsoever, without notice.

5. The obligation of Potential Buyer to not disclose and to keep confidential all Informational

Materials does not include information: (a) that was already in the possession of Potential Buyer

or any of its Related Parties at the time of delivery by Seller, Property Manager or Broker; (b)

that is obtained by Potential Buyer or its Related Parties from a third person which, insofar as is

known to Potential Buyer or its Related Parties, is not subject to any legal, contractual or

fiduciary prohibition or obligation against disclosure; (c) which was or is independently

developed by Potential Buyer or its Related Parties without utilizing the Information Materials or

violating its confidentiality obligations hereunder; or (d) which was or becomes generally

available to the public through no fault of Potential Buyer or its Related Parties.

6. This Letter of Confidentiality shall remain in effect for two (2) years after the date listed below.

7. This Letter of Confidentiality shall be governed by and construed in accordance with the laws of

the State of California without reference to its Conflicts of Law provisions.


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8. This Letter of Confidentiality contains the entire understanding between the parties with

respect to the subject matter hereof, and may not be altered, varied, revised or amended,

except by an instrument in writing signed by the parties subsequent to the date of this Letter of

Confidentiality. The parties have not made any other agreement or representation with respect

to such matters.

9. Potential Buyer acknowledges that damages may be inadequate compensation for breach of this

Agreement and Seller shall be entitled to seek equitable relief and may restrain, by an injunction

or similar remedy, any breach or threatened breach of this Agreement.

10. If the Potential Buyer is in agreement with the foregoing, please complete, sign and date the

following and return this Letter of Confidentiality to the address shown below:

Radius Group Commercial Real Estate

Attn: Bob Tuler

205 E. Carrillo Street, Suite 100

Santa Barbara, CA 93101

Tel: 805.879 9605Fax: 805.965.1150

Email: [email protected]

Potential Buyer:

By:

Print Name:

Company Name:

Email Address:

Phone Number:

Date:

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