ESCROW HAS CLOSED ON THE LARGEST HOTEL IN SANTA CRUZ. THE FORMER UNIVERSITY INN AND CONFERENCE CENTER ON OCEAN STREET, IS NOW OWNED BY B.P.R. PROPERTIES. THE OWNERS OF THE COMPANY HAVE BEEN IN THE HOSPITALITY BUSINESS FOR OVER 3 DECADES (AND ALSO OWN THE HOLIDAY INN EXPRESS, AND THE BEST WESTERN ALL SUITES INN). THEY PLAN TO SUBSTANTIALLY REMODEL THE GUEST-ROOMS, AS WELL AS EXPANDING (AND IMPROVING) THE BUSINESS’ FOOD, BEVERAGE AND MEETING AMENITIES.
