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Oxnard Residence Inn by Marriott sold for $23.6M

By   /  Wednesday, October 10th, 2012  /  Latest news  /  Comments Off on Oxnard Residence Inn by Marriott sold for $23.6M

Capping a spree of hotel real estate deals in Ventura County, the Residence Inn by Marriott in Oxnard has changed hands for $23.6 million. Pasadena-based investment company Cavort Properties bought the Residence Inn on Vineyard Avenue next to the River Ridge golf course in a deal that closed on Oct. 1. The hotel, along with Read More →

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Pierpont purchase caps hotel investment spree

By   /  Friday, September 21st, 2012  /  Real Estate, Top Stories, Tourism  /  Comments Off on Pierpont purchase caps hotel investment spree

A Los Angeles County-based hotel management firm is betting more than $30 million on the Ventura County hotel market, with its purchase of the Pierpont Inn & Spa last week bringing the company’s total number of properties in the region to six. Brighton Management, a real estate firm headquartered in Diamond Bar, purchased the historic Read More →

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Resorts bring in new bosses to helm hotels as sales boom

By   /  Monday, September 17th, 2012  /  Top Stories, Tourism  /  Comments Off on Resorts bring in new bosses to helm hotels as sales boom

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Marriotts hope to leave troubles behind under new ownership

By   /  Friday, August 17th, 2012  /  Banking & Finance, Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Marriotts hope to leave troubles behind under new ownership

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$100M Nesbitt hotel portfolio files Chapter 11

By   /  Friday, August 10th, 2012  /  Real Estate, Top Stories, Tourism  /  Comments Off on $100M Nesbitt hotel portfolio files Chapter 11

Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a $187.5 million loan used to refinance Read More →

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El Encanto taps McIver for hotel grand reopening

By   /  Friday, August 3rd, 2012  /  Features, Real Estate, Tourism  /  Comments Off on El Encanto taps McIver for hotel grand reopening

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Nesbitt hotels file $100M bankruptcy

By   /  Thursday, August 2nd, 2012  /  Banking & Finance, Personal Finance, Real Estate, Top Stories, Tourism  /  Comments Off on Nesbitt hotels file $100M bankruptcy

[Editor’s note: See correction appended below.] Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a Read More →