Very Rare, Fully Entitled, Santa Barbara Hotel Development Opportunity with Highway 101 exposure, close to Beach, Downtown State St and Funk Zone! Dynamic Downtown Santa Barbara Core Location: • Boasting one of the few hospitality projects in the Santa Barbara downtown core with Highway 101 visibility. • Wonderfully located to capture the true essence of Santa Barbara. Positioned at the edge of the Funk Zone, 2 blocks to the Beach, and ½ block from State St, this location allows the visitor to experience the best that Santa Barbara has to offer. • Adjacent to the Amtrak train station enhancing overall occupancy rate, exposure and convenience. Total Proposed Building Size: 44 keys consisting of 16,508 SF, including meeting room, and additional 3,459 SF Rooftop Deck Bar/Lounge with food service. Liquor license available. Room Mix: 34 King Rooms, 8 Double Queen Rooms, 2 King Suites. All rooms feature private patios/balconies. Projected Star Rating: 3.5 Stars. Anticipated ADR: $300 Land Size: 11,839 SF. APN’s: 133-042-005, 006, 007 Zoning: HRC-2/SD-3 (Hotel and Related Commercial, Coastal Overlay) with a Local Coastal Plan Designation of Hotel & Related Commerce II/Medium High Residential) Parking: 10,000 SF subterranean parking structure consisting of 42 spaces with valet service. Adjacent to large, underutilized City Parking lot.