EL SEGUNDO, CA -- Vista Investments is proud to announce that it has assumed ownership of the Vagabond Inn Oxnard at 1245 N Oxnard Boulevard, Oxnard, CA 93030. Vista Investments now manages the hotel as well.

"We jumped at the opportunity to own this hotel when it arose," said Les Biggins, CFO of Vista Investments. "It's an excellent mid-range hotel in an in-demand location, and by owning it, we ensure that it will operate for years to come."

The Vagabond Inn Oxnard makes the first 2017 addition to the Vista Investments portfolio of owned properties. The new portfolio count of Vista Investments-owned properties adds up to 12 total. The company expects further additions to its owned portfolio to come soon.

"It's exciting to see our portfolio expand on-plan, at a steadily increasing rate. The more hotel properties we own and operate ourselves, the greater the breadth and depth of our expertise," said Juan Llaca, CEO of Vista Investments.

As of today, Vista Investments has assumed full operation of the property. The company manages and operates the hotel via VIMCO, its full-service hospitality management company. VIMCO, or Vista Investments Management Company, has experience running mid-scale beachfront and near-beach hotels, such as the Vagabond Inn San Diego/Point Loma.

The Vagabond Inn Oxnard remained in operation as the reins of the business transferred to Vista Investments and VIMCO. This hotel has operated as a franchised Vagabond Inn for more than 5 years.

All guests of the Vagabond Inn Oxnard are offered a free continental breakfast, the use of free, high-speed WiFi, and free parking. The hotel has a heated outdoor swimming pool and air conditioning. All rooms include a microwave, small refrigerator, and cable TV with HBO. The hotel lies less than a 10 minute drive from the Oxnard Airport and the banks of the Santa Clara River. 15 minutes away from the hotel, visitors can find Mandalay State Beach.

About Vista Investments

Vista Investments, LLC is a privately held owner, operator and developer of a high-quality portfolio of hotels. The company offers hotel management, design and development services. Approved by top tier brands such as Hilton, Marriott, and Best Western, Vista Investments concentrates on strategic hotel development and acquisition of premier select-service hotels. The company has numerous developments in the pipeline throughout California, with a focus on opportunities located in areas with high barriers to entry. Within Vista Investments is Vista Design/Build: a select, in-house team comprised of construction management members, designers, architects, and contractors who are charged with overseeing and executing renovations and new construction projects. Vista Investments also owns Vagabond Inn Corporation, the franchisor of the Vagabond Inn hotel brand. It has locations throughout Arizona, California, Oregon, Nevada, and Texas. For more information, visit https://vistainvestments.com.

Media Contact: R. R. Graner, Marketing, Vista Investments, 3108675309, [email protected]