By Staff Report / 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 →
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 →
By Dana Olsen / 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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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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[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 →
