Summary
The Marriott Tribute Hotel will bring a sophisticated 105-key boutique experience to Santa Barbara, featuring Mediterranean-inspired design that reflects the city's coastal heritage. This four-story property will offer guests a rooftop bar with sweeping 180-degree ocean and mountain views, 3,000 square feet of flexible meeting space, and an outdoor courtyard. Located steps from East Beach, the hotel exemplifies the Tribute Portfolio's commitment to locally-connected, independently-designed properties.
Opportunity
NGC’s $16.34 million C-PACE financing alongside repeat partner HALL Structured Finance enabled Newport Beach-based Stratus Development Partners to optimize their construction capital structure. The C-PACE funds specifically support advanced building envelope, electrical, mechanical, and seismic systems that will enhance both guest comfort and long-term operational efficiency.
