17-21 W Montecito St, Santa Barbara, CA 93101

Very rare fully approved Hotel site with 44 keys.

Dynamic Downtown Santa Barbara Core Location: Boasting the only hospitality project 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.

High Barriers to Entry Market: Due to the City's limited growth policy along with resistance to further hotel conversions/ground up developments and stringent parking requirements for hospitality properties, very few if any future projects are slated to be approved, thus further adding to the intrinsic value of the property.

Tremendous Food, Beverage & Hospitality Synergy: Numerous hotels, restaurants, & wineries in the immediate vicinity of the property, thus enhancing its overall appeal for easy access to a myriad of options, including many tourist attractions such as Cabrillo Blvd Beaches., Stearns Wharf, Funk Zone Wineries, and State St shopping.

Attractive Demographic Trends: Strong migratory demographic trends to the Central California Coast, in particular coastal commu-nities like Santa Barbara, will continue to attract millennials for quality of life and strong employment opportunities, as well as baby boomers for a "utopian" retirement. Given its relative close proximity to Los Angeles, Santa Barbara shall also continue to flourish as a mecca for tourism, corporate events, & bachelorette/wedding parties due to its charm, weather, amenities & fun factor.