Irvine, Calif.-based DKN Hotels has acquired the 77-room Wyndham Garden Pierpont Inn in Ventura, Calif., for an undisclosed sum. The seller was Brighton Management. With the buy, DKN Hotels now has 12 properties in its portfolio.
The hotel is located within walking distance of San Buenaventura State Beach and has over 6,000 square feet of flexible meeting and banquet space. The property, nicknamed "The Lovely Lady by the Sea", was built in 1910 and has seen multiple additions to its initial structure throughout the years.
Following the change of ownership, the hotel will continue to be marketed as the Pierpont Inn under the umbrella of the Wyndham Garden flag. The property will undergo significant renovations in the upcoming years, the company said.
"We are excited to increase our exposure in Southern California with our first acquisition in the dynamic Oxnard - Thousand Oaks - Ventura market", said Steve Gomez, VP of business development at DKN Hotels. "The Pierpont Inn shows tremendous potential for growth, particularly in the group and event business, and will be a strong addition to our portfolio. We believe DKN's signature style of warm and welcoming hospitality will be a great fit for the market, and upcoming physical improvements will position the hotel to reap the benefits of increasing local demand while preserving its historic authenticity. We are looking forward to a strong and mutually beneficial partnership with local businesses and the city of Ventura."
