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Pacifica Hotel Company Acquires The 127-room Belamar Hotel
in Manhattan Beach, California

Plans $500,000 Investment Over Next Three Years for Property Upgrades

Santa Barbara, CA (March 8, 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.

 
Contact:

Lori Keller
Pacifica Hotels
805-957-0095 X 125
lkeller@pacificahotels.com

Jennifer Barry
The Barry Group
310-396-7851 or 310-721-9614
jbarry@thebarrygroup.net


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