Pacifica Hotel Company has purchased two Marina hotels — the Marina del Rey Hotel and the Marina International Hotel and Bungalows — for an undisclosed amount from Al Anwa USA, Inc.
Pacifica Hotel Company plans to spend $1.5 billion on improvements to the hotels and other Marina properties, and renovations are scheduled to begin late this year or early next year, said Pacifica executive vice president John Beazley.
Pacifica Hotel Company owns 21 other hotels in California, including the Best Western Jamaica Bay Inn, at 4175 Admiralty Way in the Marina, and the Inn at Venice Beach at 327 Washington Blvd. in Venice, said Lori Keller, Pacifica Hotel Company vice president of sales and marketing.
The seller of the two hotel properties, Al Anwa USA, Inc., is controlled by Sheik Abdul Aziz bin Ibrahim al Ibrahim of Saudi Arabia.
Pacifica Hotel Company is currently negotiating lease extensions on the two properties with the owner of the land, Los Angeles County.
The Marina del Rey Hotel, at 13534 Bali Way, is scheduled to become a four-star, four-diamond resort, and the Marina International Hotel and Bungalows, at 4200 Admiralty Way, is scheduled to be a “high three-star” level hotel, said Keller.
Extensive renovations are planned for both hotels, but they will remain open, with work scheduled one wing at a time, said Keller.
She also said that it’s difficult to anticipate which hotel will first undergo renovation, but that the Marina International Hotel seems the most likely to move forward.
Pacific Hotel Company is currently interviewing architectural design firms for the two projects, said Keller.
A vacant bar and restaurant building in front of the Marina del Rey Hotel, formerly the popular Don the Beachcomber’s, will be renovated to attract both residents and visitors to the area, said Beazley.
The Marina del Rey Hotel has 157 guest rooms, seven meeting rooms, a restaurant lounge, an outdoor swimming pool and a gift shop.
The Marina International Hotel and Bungalows, across the street from Marina (Mothers) Beach, has 110 guest rooms, 25 bungalows, two meeting rooms, a restaurant and bar and a swimming pool.