News for the Hospitality Executive
Matt Marquis Named President of Pacifica Hotel Company
SANTA BARBARA, Calif. - April 19, 2010 - Matt Marquis has been named president of Pacifica Hotel Company, continuing a tradition of family ownership at the nationally ranked hotel management company that manages 25 hotels in California, Hawaii, and Florida.
“I am honored to be able to continue to work with my father as we move
both companies forward to even higher levels of success.”
“We are transitioning our organization from first to second generation at a very important time in our company,” Dale Marquis said. “We are actively involved in completing a substantial renovation at our historic Hawaiian property, King Kamehameha’s Kona Beach Hotel Inn, in the final phases of redeveloping the Jamaica Bay Inn in Marina del Rey, and getting ready to launch several other redevelopment projects in Southern California.”
The announcement, which also includes the appointment of Arthur McNary as Pacifica’s CFO, is the result of detailed business succession planning undertaken several years ago. Matt Marquis has worked in increasingly responsible positions at IWFC during the past 15 years and will now be president of both firms. Dale Marquis will continue to be active in his role as Chairman of the companies.
“We have been very proactive in ensuring a smooth and orderly succession at Pacifica Hotel Company,” Matt Marquis said. “I am honored to be able to continue to work with my father as we move both companies forward to even higher levels of success.”
Matt Marquis began his business career on Wall Street with Dean Witter Realty, Inc., where he was an analyst and asset manager on a diversified real estate portfolio valued at more than $1 billion. He subsequently joined Investcorp International to assist in the reorganization of its real estate department, working with senior management on the acquisition, disposition, and asset management of more than $700 million in real estate investments. In 1997, he joined his father at Pacifica Real Estate Group as an asset manager responsible for the commercial real estate portfolio. In 2000, Matt and Dale Marquis activated IWFC as the family’s primary business and acquired Pacifica Hotel Company from their partners. Today they work together in creating and developing a dynamic family business focused on real estate and hospitality investments for the future.
Matt Marquis has a BA in Communications with a Business Minor from Brigham Young University and an MBA from Pepperdine’s Graziadio School of Business. He also completed Harvard’s Families in Business seminar. He has served on the boards of several community groups, including the United Boys and Girls Clubs, Autism Society of American, and Cold Springs School Foundation, and is also a member and past member of the board of the Young President’s Organization (YPO).
Pacifica Hotel Company
|Also See:||InvestWestFinancial/Pacifica Hotel Company, Hawaiian Investors Purchase King Kamehameha’s Kona Beach Hotel – Planning $25 million Renovation / July 2007|