Pacifica Acquires Manhattan Beach's The Belamar Hotel
March 9, 2012 -Invest West Financial Corp. and Pacifica Hotel Company has announced its acquisition of The Belamar Hotel in Manhattan Beach from Larkspur Hotels & Restaurants. The Belamar Hotel joins Pacifica Hotel Company's existing portfolio of 24 hotel properties. The purchase price was not disclosed.
“As the largest owner/operator of boutique hotels on the Pacific coast, we are delighted to add The Belamar Hotel to our portfolio of quality California hotels,” said Pacifica President Matt Marquis. “We have had great success with our other independent properties and we look forward to providing visitors to The Belamar Hotel with the superior value and outstanding service that is the hallmark of all Pacifica hotels.”
Manhattan Beach, the quintessential Southern California beach town is a vibrant neighborhood filled with restaurants, shops, and bars - a perfect setting for this 127-room boutique hotel. Unpretentious, casual and upscale, The Belamar Hotel provides guests with a coastal-meets-urban chic experience - relaxed glam, funky and fun.
The Belamar features the popular Second Story Restaurant and more than 5,000 square feet of indoor/outdoor flexible meeting space. A heated pool and hot tub, fitness center, and complimentary beach cruiser bicycles ensure guests live the Southern California lifestyle both on and off property. Guest rooms are loaded with convenient amenities including a productive workspace and complimentary wireless Internet.
Invest West/Pacifica intends to invest approximately $500,000 over the next three years to upgrade and enhance the property.
About Pacifica Hotel Company
Invest West/Pacifica Hotel Company is a family-owned real estate investment firm based in Santa Barbara. The company's other Los Angeles-area Independent properties include Jamaica Bay Inn and the Inn at Venice Beach, among others. Pacifica Hotel Company also owns and manages other premier properties in California, Florida and Hawaii that feature superior locations, AAA 3-diamond ratings, insightful amenities and high quality guest service. For more information and reservations, visit www.pacificahotels.com or call (800) 720-0223.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
