Caruso pushes forward with scaled-back Miramar plans
By Elijah Brumback / 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 →
Historic Ventura hotel changes hands
By Staff Report / 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 →
Simi Valley hotel dreams take flight with Hummingbird development
By Elijah Brumback / 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 →
The hip touch for hotels: Inn operators seek partner for next step
By Elijah Brumback / 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.
South Coast firms launch statewide hotel building spree with Pismo project
By Elijah Brumback / 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.
Hummingbird Nest rezoning paves way for Simi’s first 5-star resort
By Marlize van Romburgh / 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.
Kimpton raises flag in Goleta
By Staff Report / 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 →