4/7/2008

Pacifica sells Bakersfield's historic Padre Hotel

by

Padre Hotel

Eat.Drink.Sleep, Inc. has acquired the historic Padre Hotel in downtown Bakersfield, Calif., from Rancho Santa Fe-based Pacifica Enterprises.

The deal was brokered on behalf of the seller by Paul Runkle and Brian Loring of Hendricks & Partners' Pasadena office.

Built in 1928, the 112-room hotel is located at 1813 H St. As part of Bakersfield's redevelopment efforts, the buyer plans to restore the hotel to its original use as a hotel, restaurant, nightclub and coffee shop. Pacifica purchased the property in 2001 but was unable to achieve its goal of converting the vacant building into condominiums and retail space.

Address: 1813 H St., Bakersfield, Calif.

Size: 112 rooms

Built: 1928

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Filed Under: Hotel/Resort

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