Eight Form acquires Palihouse Santa Barbara for $20 million

Eight Form's investment thesis is to “create exponential value by aligning high-quality physical assets with the compounding power of time.” The acquisition is part of Eight Form’s wider strategy to build a portfolio of “lifestyle-critical” real estate — ranging from boutique lodging to specialized commercial developments — that can withstand market volatility through superior design and intentional management. Eight Form is a Santa Monica-based developer. The property features 24 oversized guest suites and a residential-inspired design. Palisociety is a fully integrated hospitality company that acquires, designs, develops, owns and operates hotels and residences across the country under four distinct monikers: Palihouse, Palihotel, Le Petit Pali, ARRIVE by Palisociety and a collection of independently branded properties. Avi Brosh founded Palisociety in 1998 in Los Angeles.