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VENTURA COUNTY NEWS
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Ventura Hotel/Golf Property Sells for $6.5 Mil

11/30/12

The Pierpont Inn, a 77-room hospitality/golf property located in Ventura, traded hands at a price of $6.5 mil, or $84.4k/room. The property is located at 550 Sanjon Rd, on the northeast side of Hwy 101 near San Buenaventura Beach State Park.

The historic Pierpont Inn was built in back in 1910, in part to accommodate the auto enthusiast traveling up and down the Pacific Coast Highway in a new-fangled invention, the automobile. Weary travelers needed a hotel along the California coast to rest and recharge with a home cooked meal.

Gordon Allred, vice president investments, and Jason Byrne, associate, in Marcus & Millichapís Ontario office, had the exclusive listing to market the property on behalf of the seller, a private investor.





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