Pacifica Hotels Acquires Historic Milner Hotel in Downtown Los Angeles
January 25, 2016 2:32pm
Irvine, CA (January 25, 2016) – Pacifica Hotels, the largest owner and operator of independent hotels along the Pacific Coast, is pleased to announce today the acquisition of The Milner Hotel in Downtown Los Angeles. It marks the company’s 30th California property.
Situated in a prime Downtown Los Angeles location on S. Figueroa, just blocks from the Staples Center, the Convention Center, and LA Live in the heart of the area’s urban renaissance, The Milner Hotel is a strategic addition to Pacifica Hotels’ growing portfolio. Pacifica Hotels is currently evaluating its long term strategy for the property.
While Downtown Los Angeles is experiencing a strong revival with a variety of operators updating properties, Pacifica Hotels is proud to be one of the only local hospitality companies to invest in this evolving community. This acquisition is consistent with Pacifica’s long-standing history of reinvesting in its home state of California.
“Pacifica Hotels is proud to be a strong California company,” said CEO Matt Marquis. “With this acquisition we are excited not only to contribute to Downtown LA’s extraordinary revival, but to continue to diversify Pacifica’s portfolio with an investment in such a vital financial and cultural city center.”
The Milner Hotel joins Pacifica’s current collection of Los Angeles area hotels, becoming the tenth in the region. Other properties include The Carlyle Inn, Marina del Rey Hotel, Inn at Marina del Rey, Inn at Venice Beach, Jamaica Bay Inn, Redondo Beach Hotel, Hotel Hermosa and The Belamar.
From affordable accommodations to complimentary breakfast and free Wi-Fi, The Milner Hotel will continue to serve as a solid central downtown lodging choice. Guests will also be able to experience a local favorite at The Back Door Pub, an on-site bar aptly named for its alley entrance located behind the hotel.
The Milner Hotel is located at 813 S. Flower St, Los Angeles, CA 90017. Reservations may be made by calling the hotel directly at (213) 627-6981 or visiting www.milnerhoteldtla.com.
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the milner hotel
Pacifica Hotels 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. Today, Pacifica Hotels is the largest owner and operator of boutique hotels on the Pacific coast. Pacifica Hotels’ 34 independent and flag properties in key California cities from San Diego to San Francisco, as well as Hawaii and Florida, feature outstanding locations, AAA 3 and 4-diamond ratings, upgraded amenities and high standards of guest service. For complete hotel descriptions and reservations, visit www.pacificahotels.com
Contact: Parker Phillips, Pacifica Hotels
Contact: Jennifer Barry, The Barry Group
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