"We are pleased to add these two outstanding hotels to our portfolio," said PHC Chairman and President Dale J. Marquis. "These purchases reflect our ongoing strategy of acquiring and operating quality properties in the highly attractive California market."

The Holiday Inn Express is a three-story, 100-room hotel renovated in 2001 whose amenities include an exercise facility, outdoor pool, and a full service restaurant currently being operated by a third party. The franchise hotel, which will continue under PHC management, achieved an average occupancy rate of 74.5% during the first half of 2003. 
 

Sommerset Suites is a four-story, 110-room "all suites" hotel located in the Uptown section of San Diego and most recently renovated in 2000. Amenities include an outdoor pool, breakfast room and airport shuttle. Sommerset Suites, which will continue to operate as an independent hotel under PHC management, achieved an average occupancy rate of 82.6% during the first half of 2003. Headquartered in Santa Barbara,

Sommerset Suites 606 Washington Street San Diego, California

Pacifica Hotel Company
Lori Keller
805-957-0095
www.pacificahotels.com