The U.S. Bankruptcy Court in Los Angeles ordered the 112-year-old hotel to go up for auction this sp

We always have seen the Pierpont Inn as the kingpin, or landmark vacation rentals italy hotel of the whole area, Schaefer said. We always wanted the opportunity to purchase and revitalize and rejuvenate it and bring it back.
The U.S. Bankruptcy Court in Los Angeles ordered the 112-year-old hotel to go up for auction this spring as part of the bankruptcy plan filed by owner and seller The Ahn (Family) Trust and trustee Grace Ahn. The family trust filed for bankruptcy protection in November and initially listed the property on the commercial real estate market in January for $8.5 million.
Brighton owns the Holiday Inn Express and the Four Points by Sheraton vacation rentals italy hotels in Ventura. It bought the Country Inn Suites in Port Hueneme recently and Marriott s Courtyard in Oxnard last month, and it added the Hilton Garden Inn in Valencia. It also manages Marriott s Residence Inn in Oxnard.
I m pleased, said former Pierpont Inn owner Spencer Garrett, who with his brother, Scott, is a general partner and managing partner of the neighboring vacation rentals italy Pierpont Racquet Club. The Garretts leased the inn in the 1970s and owned it from 1999 to 2005, when they sold it to the Patel families, which then sold it to the Ahn family around 2008, Garrett said.
I believe Brighton definitely is an experienced operator, and I suspect it will do an excellent job running the Pierpont Inn, Garrett added. Our interest at the racket club is to have a good neighbor.
Schaefer said Brighton s plans are to bring romance back to Pierpont so it can again be a major player in its traditional market of weddings. It plans to first update the guest rooms with newer bathrooms and luxury bedroom furniture, add flowers outside and renovate the restaurant menu by adding more variety.
Once renovated, Brighton will position the hotel in the upper-midscale to lower-luxury spot in the market, which in terms that most people recognize vacation rentals italy would be three or four stars, Schaefer said. Prices will range from $120 a night offseason to $150 a night in season.
The company has a positive outlook for the Pierpont because the hotel market has proved robust for Brighton, Schaefer said. The Holiday Inn and the Sheraton have had a more than 70 percent annual average occupancy over the past two years, he said.
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