HREC Investment Advisors is pleased to present a rare opportunity to acquire a fully entitled, permit-ready dual-branded hotel development in Buellton, California, featuring a Home2 Suites by Hilton and Hyatt Place. Situated on a 4.03-acre fee-simple parcel just off US Highway 101, north of Santa Barbara in the heart of the Santa Ynez wine region. The project is strategically positioned to capture both leisure and corporate demand in California’s highly sought-after Central Coast region.

The development includes 224 guestrooms across the two assets, with the Home2 Suites by Hilton (116 keys) targeting extended-stay guests with suite-style accommodations and amenity-driven design, and the Hyatt Place (108 keys) catering to transient and group-oriented demand through its upscale select-service offering. Together, the dual-brand configuration offers a complementary operating model that can expand market reach across multiple demand segments while generating shared operating efficiencies and cost savings.

All major development hurdles have been addressed, with full entitlements secured, building and grading permits in place, and complete architectural, engineering, and FF&E plans finalized. The project is truly shovel-ready, allowing an investor to immediately commence construction and significantly reduce typical development timelines and entitlement risk.

Located in the heart of the Santa Ynez Valley in Santa Barbara County, Buellton serves as a key gateway to one of California’s premier wine and leisure destinations. The market benefits from strong year-round visitation driven by wine tourism, proximity to Solvang "The Danish Capital of America", and regional demand generators including Vandenberg Space Force Base and surrounding corporate and government activity. Despite this robust demand profile, the market remains undersupplied with nationally branded hotel product, creating a compelling opportunity for new, institutional-quality assets positioned to deliver strong performance.