Pacifica Hotel Company Acquires Half Moon Bay Lodge
SANTA BARBARA, Calif.--(BUSINESS WIRE)--March 8, 2004--The Half Moon Bay Lodge has been acquired from Woodside Hotels by Invest West Financial/Pacifica Hotel Company and will join Pacifica's existing group of Best Western properties. The purchase price was not disclosed.
Located on Highway 1 in the quaint Northern California coastal city of Half Moon Bay, The Half Moon Bay Lodge is an attractive hacienda-style hotel with 80 guest rooms, each overlooking the Arnold Palmer-designed Half Moon Bay Golf Links. The hotel, which has 3,600 square feet of meeting space, a heated pool, spa and fitness center with a sauna, draws business and leisure travelers primarily from the Bay Area and Silicon Valley.
"We are delighted to add The Half Moon Bay Lodge to our portfolio of quality California hotels," said Pacifica President Dale J. Marquis. "We have had great success with our other Best Western properties and we look forward to providing visitors to The Half Moon Bay Lodge with the superior value and outstanding service that is the hallmark of all Pacifica hotels."
Invest West and Pacifica intend to spend approximately $500,000 to upgrade and enhance the property, which will be Pacifica's 7th Best Western hotel. The others are Best Western Lighthouse, Pacifica; Best Western Fireside Inn on Moonstone Beach, Cambria; Best Western Sunrise Inn, Redondo Beach; Best Western Jamaica Bay Inn, Marina del Rey; Best Western Blue Sea Lodge, Pacific Beach; and the Best Western Beverly Pavilion, Beverly Hills.
Pacifica Hotel Company was formed in January of 1993 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 and other commercial real estate properties for almost 30 years. Pacifica's 19 independent and flag properties in key California 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.