June 1, 2017

VIMCO Assumes Management of The Hotel California In Santa Monica, CA

Vista Investments Management Company, or VIMCO—the hotel operations subsidiary of Vista Investments—has taken over the management of The Hotel California, located at 1670 Ocean Avenue, Santa Monica, CA 90401.

The hotel is located just north of the Ocean Park neighborhood, five minutes away on foot from Ocean Front Walk and less than half a mile from the Santa Monica Pier. This property, built in 1945, has operated as The Hotel California for a number of years.

Les Biggins, Chief Financial Officer of Vista Investments, said, "We're very excited to be bringing this property into the fold. Demand for rooms is high in virtually any part of Santa Monica. This hotel is in a uniquely popular spot even for an already popular market."

As a full-service hospitality management company, VIMCO operates a broad range of properties. This Ocean Avenue hotel marks the second 2017 addition to the VIMCO portfolio of managed and operated properties, which includes other southern California beachfront and near-beach hotels. Further additions to the VIMCO portfolio are anticipated as the year progresses.

"Managing this hotel means meeting high expectations. Under previous management, it was well-known for providing an excellent value and extremely reliable service. We look forward to helping this hotel build the right reputation through the coming years," said Chuck Valentino, Vice President of Operations at Vista Investments Management Company.

Published by: vimco in Uncategorized

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