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Santa Barbara, Calif., February 27, 2026 – Colliers is pleased to announce the sale of the Franciscan Inn & Suites, a 53-room boutique hotel located in the heart of Santa Barbara’s highly sought-after West Beach district. The seller and local developer Ed St. George, who purchased the Franciscan in 2022 for $21,000,000, has sold it to a family-owned hotel ownership and management company, Warren Resort Hotels, for $22,500,000 ($424,528/key) and at just under a 4% CAP on current income. Ultimately, the acquisition was driven by the asset’s future income potential.
The transaction underscores renewed investor confidence in premium coastal hospitality assets and highlights continued demand for well-located, experiential lodging properties along California’s Central Coast.
“Bringing The Franciscan Inn & Suites Santa Barbara into our portfolio has been a decades-long dream for our family,” said Chris Warren, third-generation family member of Warren Resort Hotels. “Closing on this hotel 50 years after my grandfather, George H. Warren, purchased our neighboring property, the Marina Beach Motel, makes this even more special. We are excited to begin a thorough remodel that embraces the hotel’s Spanish architecture, while focusing on the guest-first hospitality that we are known for across the street. Chris Parker and the Colliers team were instrumental in driving this extremely complex purchase to the finish line.”…