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Developers forecast a long cycle for hotel investments
By Elijah Brumback / Friday, October 31st, 2014 / Latest news, Real Estate, Subscriber content, Top Stories, Tourism / Comments Off on Developers forecast a long cycle for hotel investments
Tourism activity in wine country and an influx of foreign visitors are driving the interest of developers from inside and outside the Tri-Counties.
Read More →McIver departs El Encanto, heads for Tuscon
By Henry Dubroff / Wednesday, September 24th, 2014 / South Coast, Tourism, Women Inc. / Comments Off on McIver departs El Encanto, heads for Tuscon
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Laura McIver made her mark in the South Coast hotel industry when she took over and turned around downtown Santa Barbara’s Canary Hotel, setting the stage for the property’s sale to boutique chain Kimpton Hotels & Restaurants. In 2012, McIver was named general manager for Santa Barbara’s iconic El Encanto Hotel. She took the helm Read More →
Read More →Pacifica Hotels, Eastern Real Estate team up on hostel takeover
By Elijah Brumback / Friday, August 22nd, 2014 / Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy / Comments Off on Pacifica Hotels, Eastern Real Estate team up on hostel takeover
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Last week, Santa Barbara firms Pacifica Hotels and Eastern Real Estate purchased the hostel from the Parker family.
Read More →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
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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 →
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 →
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
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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 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
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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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