Ventura · Hotel to housing
A Ventura La Quinta Inn is now 134 units of supportive housing
Valentine Road Apartments
Ventura Housing completed the conversion of a former La Quinta Inn into 134 units of permanent supportive housing, the largest Homekey project in the City and County of Ventura, and reports 100% occupancy.
What it was
A La Quinta Inn hotel in Ventura.
What it is becoming
Valentine Road Apartments: 134 units of permanent supportive housing, home to 151 residents at the time of the announcement. The grand opening was held May 21, 2026.
Why the economics might work
HUC analysis, not a reported result
Our analysis: this was a public-purpose project, funded through a $32 million state Homekey grant plus City of Ventura and County of Ventura commitments. Hotels already have individual rooms, bathrooms, and corridors, which is part of why they have been used for housing programs. It is not a model of private investment returns.
The lesson for local owners
Hotels and motels can have buyers outside the hospitality world, including public agencies and nonprofits with dedicated funding. A disposition plan should consider that audience where it fits.
Source and attribution
Editor's note: The source post is dated June 2, 2026, not June 1. The grand opening was May 21, 2026.
Facts are summarized from the source above as of October 16, 2026 and may change. This project is not a Highest Use Commercial transaction. Photos of the property are available at the source.