Aimbridge Hospitality and Greystar Real Estate Partner to Revitalize Asset in Oxnard, California $19 Million Redevelopment Planned for Casa Sirena Hotel & Marina Aimbridge Hospitality and Greystar Real Estate Partner In addition to investing in the project, Aimbridge will be responsible for all aspects of on-site management as well as responsible for the sales and marketing strategies of both properties. The first phase of the redevelopment is the 90- room annex to the Casa Sirena, across the park from the main building, which will become a Hampton Inn. The second phase will be a tear down of the 175-room main hotel which will be replaced with a three- or four-star national chain. This luxury hotel will include a new full-scaled waterfront restaurant to replace the existing Lobster Trap as well as full banquet facilities. In addition to the two hotels, Aimbridge and Greystar will spend a year upgrading the existing 485 apartments on the property. Wes Fuller, Greystar associate, who represents the company at the Channel Islands said, �We are very excited about this project and are extremely pleased to partner once again with Aimbridge Hospitality.� �Aimbridge Hospitality is fortunate to have the opportunity to partner with Greystar in this exciting new venture. With Greystar�s commitment and Aimbridge�s proven ability to execute, we believe this project will successfully revitalize tourism to the area,� said Dave Johnson, CEO, Aimbridge Hospitality. The Casa Sirena Hotel
& Marina is at 3605 Peninsula Road, Oxnard, California, 93035. It is
conveniently located 25 minutes South of Santa Barbara and 50 minutes North
of Los Angeles, off Highway 101, along the Gulf Coast.
|
