Hotel News Resource - Pacifica Hotel Industry News

InvestWest/Pacifica Hotel Company announced today the acquisition of the Pelican Inn & Suites on beautiful Moonstone Beach in Cambria, adding to its portfolio of distinctive properties on the California coast.

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.

Pacifica Hotel Company, which owns and operates quality coastal hotels from San Diego to San Francisco, announced that it has purchased the Marina del Rey Hotel and Marina and the nearby Marina International Hotel & Bungalows. The prices and sellers were not disclosed.

Invest West Financial and Pacifica Hotel Company, whose real estate holdings include choice California coastal hotels and commercial properties throughout the Western United States, announced that it has realigned its top management team.

Pacifica Hotel Company, which operates 23 quality California hotels from San Diego to the San Francisco Bay Area, is rolling out free wireless high-speed Internet (Wi-Fi) access for guests at its properties.

Pacifica will continue to manage the 68-unit property on behalf of the new owners. The price of the transaction was not announced.

Pacifica Hotel Company (PHC), which manages 20 quality California hotels from San Diego to the San Francisco Bay Area, has been chosen to manage the Fogcatcher Inn and the Cypress Cove Inn in Cambria.

The seller was CRSA Corporation and the price was under $10 million

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.

Pacifica Hotel Company (PHC), which owns and manages 19 quality California hotels in attractive coastal locations stretching from San Diego to the Bay Area, announced that 2003 revenues were more than $57 million, up eight percent from the $53 million recorded in 2002.