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Article: Santa Barbara News-Press, Calif., Real Deals column.
- Article from:
- Santa Barbara News-Press (Santa Barbara, CA)
- Article date:
- May 2, 2006
CopyrightCOPYRIGHT 2006 Santa Barbara News-Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Maria Zate
May 2--The 64-room Comfort Inn motel in Santa Maria was recently sold at a price that reflects solid appreciation, even though the final offer was just slightly below what the sellers were asking for.
Located at 210 S. Nicholson Drive, the three-diamond motel closed escrow at the beginning of the year for $5.37 million, according to county records.
The seller, Buellton Motel Co. LLC, was originally asking $5.5 million for the property that sits on 2.12 acres just south of Main Street.
In November 2003, Buellton Motel Co. purchased the property for $4.25 million, county records show, from Santa Maria Hospitality ...