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Destination Hotels & Resorts Opens the $480 million Oceanfront
Terranea Resort, Rancho Palos Verdes, California

Possibly the Last Hotel to Be Built Right on the Pacific Ocean

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Rancho Palos Verdes, CA – June 12, 2009 – Occupying 102 acres of irreplaceable coastline just 20 miles south of Los Angeles International Airport, the luxurious Terranea Resort opens to the public on June 12 adding to the distinctive collection of properties in the Destination Hotels & Resorts collection. 

Ten years and $480 million in the making, Terranea (terra-NAY-a) is the crowning achievement of Los Angeles-based owner/developer Lowe Enterprises and is managed by Destination Hotels & Resorts. The property’s location will introduce a whole new generation to a part of Los Angeles that feels worlds away from the dynamic city, and to a beautiful and tranquil setting which is largely unknown. It has been decades since Marineland of the Pacific, located where Terranea now sits, brought visitors to this secluded peninsula.


Terranea Resort Aerial Rendering

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“Visitors that round the last scenic coastal bend before Terranea are met with a breathtaking sight: an oceanfront Resort surrounded on three sides by the Pacific Ocean with Catalina Island looming across the channel," said Charlie Peck, president and chief operation officer for Destination.  “This location has to be one of Southern California’s most striking vistas and we are honored to add this inspired Resort along the Pacific to our collection of properties.”

Rancho Palos Verdes will again play host to people from far and near at Terranea’s 360-room Hotel and luxurious collection of residential bungalows, casitas and villas. The property also features The Links at Terranea, a challenging 9-hole par 3 golf course, and The Spa at Terranea with 25 treatment rooms, three ocean view pools and a collection of eight distinctive restaurants, bars and lounges. Guests will recognize the views from many vantage points as the property has been the location of dozens of Hollywood films and televisions shows over the years.

Anticipating that the unparalleled views will propel Terranea to the top of the list for wedding, social or business gatherings, the property has 60,000 square feet of indoor meeting and event space highlighted by an 18,000 square foot ballroom, the largest ballroom on the California coast.  The Resort also has expansive outdoor lawns, terraces, gardens, gazebos and event space, all designed to showcase the Pacific Ocean locale.

“Terranea is secluded and private, providing an oceanfront escape that feels far removed from hectic city life, yet is close for millions.  Guests and owners will feel like they’ve been transported to a tranquil place that embodies the classic California lifestyle.  The Terranea staff offers gracious, humble service – providing the kind of attentive service one associates with retreating to a safe, familiar, nurturing environment,” said Terri A. Haack, executive vice president and managing director of the new Resort.

Terranea – Built With Care

California has developed a well-deserved reputation for protecting its natural treasures, like its scenic coastlines. With that in mind, Terranea was developed with environmental sensitivity across all aspects of its building and operations. The property is mindful that it might well be the last large resort built along the Southern California coast given the lack of large parcels left for development. That legacy factored into the care taken while transforming the site. 

Examples of that care include the 45 stately trees on the site that date back over 50 years which were carefully boxed prior to construction, then replanted; the 14 acres of natural Coastal Sage Scrub habitat Terranea planted, re-creating the natural California coastal terrain; and a series of water quality systems throughout the property to treat and clean rain water runoff and help protect the ocean, including strategically planted areas that serve as “organic filters.”

“Visitors will learn through our example that developments can provide access to irreplaceable land while safeguarding their beauty and nurturing the flora and fauna – all for the benefit of generations to come,” said Haack.  “It is part of our vision that people will come away from Terranea compelled to become caretakers with us of the land and the ocean that make Southern California one of the world’s most desirable locales.”

Other Resort amenities include a children’s center with interactive programs and several miles of scenic bluff-top trails that connect miles of off-property coastal trails. A secluded beach cove also adds to the unique experiences at Terranea Resort. For more information visit http://www.terranea.com or call 866-802-8000. For a video overview of Terranea, please visit: http://www.terranea.com/palos-verdes-videos.php.
 

About Destination Hotels & Resorts
Destination Hotels & Resorts is consistently rated one of the top 10 independent hospitality management companies in the United States with more than 30 luxury and upscale hotels, resorts and conference centers. To protect and preserve the unique communities in which the company operates, Destination launched Destination Earth, an environmental sustainability program in 2008. In addition to Terranea in the greater Los Angeles area, Destination operates properties in key metropolitan areas and resort markets including Washington, D.C., Denver, San Diego, Santa Fe, Aspen, Palm Springs, Houston and Lake Tahoe. Destination is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises.  For more information on the properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com <http://www.destinationhotels.com/> or to join the company’s loyalty program for the best offers available, visit www.destinationdelivers.com <http://www.destinationdelivers.com>  

About Lowe Enterprises
Los Angeles-based Lowe Enterprises is a leading national real estate investment, development and management firm.  Over the past 37 years, it has developed, acquired or managed more than $16 billion of real estate assets nationwide.  The firm is currently developing $3 billion of commercial and resort residential projects nationwide.  Through its investment management affiliate, the firm currently manages in excess of $4 billion in real estate assets on behalf of institutional and investment clients.  In addition to its Los Angeles headquarters, Lowe Enterprises maintains regional offices in Denver, Irvine, San Francisco, Sacramento and Washington, D.C.

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Contact:

Wendy Haase, Director of Public Relations 
Terranea Resort
310-265-2807
Whaase@destinationhotels.com

Kristin Yantis Mettler
for Destination Hotels & Resorts
775-831-4422
Kmettler@malenandmettler.com

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Also See: Lowe Enterprises Developing and Building a $450 million Terranea Resort in Rancho Palos Verdes, California; Destination Hotels & Resorts to Manage the 582 room Resort Set to Open in 2009 / July 2007
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