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Caruso pushes forward with scaled-back Miramar plans

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →

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Historic Ventura hotel changes hands

By   /  Wednesday, July 9th, 2014  /  Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  1 Comment

Sandpiper Capital Partners has purchased the 37-room Leewood Hotel in downtown Ventura from its longtime owner and plans to convert it to an apartment complex. The firm purchased the property for just under $2.7 million, Justin Egerer, founder and managing member of Sandpiper Capital Partners, said in an email to the Business Times. The property is Read More →

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Simi Valley hotel dreams take flight with Hummingbird development

By   /  Friday, July 4th, 2014  /  East Ventura County, Real Estate, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  In a bid to attract more tourism dollars from nearby Los Angeles, city officials in Simi Valley are pinning their hopes on the development of a five-star hotel at Hummingbird Nest Ranch. But the developer behind the 126-acre ranch says the largest component of the resort development hinges on how well the early phases Read More →

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The hip touch for hotels: Inn operators seek partner for next step

By   /  Friday, June 20th, 2014  /  Central Coast, East Ventura County, Real Estate, South Coast, Top Stories, Tourism, West Ventura County  /  Comments Off on The hip touch for hotels: Inn operators seek partner for next step

Shelter Social Club, a boutique renovator and operator of hotels in the Tri-Counties, is on the hunt for a financial partner that could contribute $1 million toward its next venture.

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South Coast firms launch statewide hotel building spree with Pismo project

By   /  Friday, June 13th, 2014  /  Central Coast, Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on South Coast firms launch statewide hotel building spree with Pismo project

Two Santa Barbara firms are backing a 30-year veteran of the hospitality development market and his plans to build out hotels along the California coast, with the first test project taking shape in Pismo Beach.

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Hummingbird Nest rezoning paves way for Simi’s first 5-star resort

By   /  Friday, May 16th, 2014  /  East Ventura County, Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Hummingbird Nest rezoning paves way for Simi’s first 5-star resort

Texas billionaire David Saperstein has finally secured approval to have Hummingbird Nest Ranch rezoned, paving the way for Simi Valley’s first five-star resort.

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Kimpton raises flag in Goleta

By   /  Tuesday, May 13th, 2014  /  Real Estate, South Coast, Tourism, Tri-County Economy  /  Comments Off on Kimpton raises flag in Goleta

The former Holiday Inn on Calle Real in Goleta will officially start flying the Kimpton Hotels & Restaurants flag in July. The San Francisco-based boutique hotel operator said it has partnered with Newport Beach-based hotel owner Makar Properties to rebrand the 150-room hotel as The Goodland following a renovation. Makar Properties purchased the hotel for Read More →