Invest West/Pacifica Receives Approval

Invest West Financial Corporation and Pacifica Hotel Company (PHC) announced that their proposal was accepted and approved by the Los Angeles County Board of Supervisors for a 147-unit, extended-stay Residence Inn Hotel by Marriott in Marina del Rey, where PHC already operates the Best Western Jamaica Bay Inn.
“We are pleased that our project was accepted and we are moving forward with the Board of Supervisors to develop the terms of the lease. This project is a double benefit to Marina del Rey by providing additional hotel room capacity in the mid-price range, along with maintaining marina views and easy public access to the beach and boardwalk,” said PHC President Dale J. Marquis.
“This project represents Pacifica`s ongoing strategy of acquiring, developing and operating quality hotel properties in key locations throughout California.”
The new Residence Inn, which will be located on Admiralty Way at the intersection of Admiralty Way and Via Marina, will offer oversized studio, one- and two-bedroom suites with fully equipped kitchens, separate living and sleeping areas, daily housekeeping services and a number of amenities, including fireplaces in many of the rooms. The hotel is planned as a 4/5-story structure positioned to provide public access to the boardwalk and parking areas while still preserving views of the beach from Admiralty Way.
“The new Residence Inn will offer a resort atmosphere surrounding the Promenade of Marina Beach while enhancing the lodging choices available in Marina del Rey,” Marquis said. “We believe it will appeal to both business travelers and vacationers desiring extended stay accommodations with the comforts of home.”
PHC, which also operates the Holiday Inn Express on Washington Boulevard and the nearby Inn at Venice Beach, is also engaged in a planned expansion and redevelopment of its Best Western Jamaica Bay Inn property within adjacent to the Residence Inn site.
PHC was formed in January of 1995 to consolidate the hospitality operations of Invest West Financial Corporation, which has been involved in the acquisition, development, refurbishing and operating of quality hotel properties for almost 30 years. Year to date through September, PHC generated revenues of $47.4 million and reported a 76.1% occupancy rate. PHC has been consistently ranked among the world`s top hotel management companies according to Hotel Business magazine`s annual survey. Pacifica`s 18 independent and flag properties in key California coastal cities from San Diego to San Francisco feature outstanding locations, AAA 3-diamond ratings, upgraded amenities and high standards of guest service. For complete hotel descriptions and reservations, visit www.pacificahotels.com.

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