Pacifica Hotels Closes Iconic CA Marina Del Rey Hotel to Begin $20 Million Renovation

Plans Spring 2014 Reopening

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. August 29, 2013

Marina del Rey, CA - August 29, 2013 - Pacifica Hotels, California's largest owner and operator of boutique hotels, announced today the full renovation of the Marina del Rey Hotel, the Marina's very first hotel. The historic and iconic waterfront property will re-open with the same name in Spring 2014 after a $20 million renovation.

The new, 160-room Marina del Rey Hotel will boast 4-star amenities, including a full-service restaurant, 24-hour room service, concierge assistance, an outdoor, marina-facing pool and sundeck, an outdoor wedding venue, and a roster of additional offerings.

Originally opened in the 1964, the historic Marina del Rey Hotel will be celebrating its 50th Anniversary next year. Over the past half-century, the hotel has served as the central meeting point for local yacht clubs, fashion shows, and high-profile Los Angeles functions.

"Our intention with this renovation is to revitalize the Marina del Rey Hotel, while maintaining its classic reputation," said Matt Marquis, President of Pacifica Hotels. "We have put significant resources into the Marina del Rey community and want the Marina del Rey Hotel to be a shining example of Pacifica's investment in the area's hospitality landscape."

The iconic Marina del Rey Hotel is one of five Pacifica hotels in the half mile radius of Marina del Rey. This prolific area penetration is part of Pacifica's ongoing strategy to enhance regional tourism and bring additional business to the Marina del Rey area. The company's other Marina del Rey hotels include Jamaica Bay Inn, Hilton Garden Inn Marina del Rey, Inn at Marina del Rey and Inn at Venice Beach.

Set against a Marina backdrop of yachts and aquatic adventurers, and conveniently located just a few miles from LAX airport, the Marina del Rey Hotel is ideal for both business and leisure travelers. Positioned close to local attractions like Venice Beach, Fisherman's Village, Ballona Wetlands and Santa Monica Pier; water activities including kayaking, paddle boarding, surfing and sailing; and a wealth of renowned dining and shopping options; guests have the best of Los Angeles within easy reach. The hotel is also close to Loyola Marymount, UCLA, and Pepperdine universities.

Over the last several quarters, Pacifica Hotels has acquired new properties, transitioned flagged properties and completed numerous full property renovations in the Marina del Rey immediate area - including the Jamaica Bay Inn, Hilton Garden Inn, Inn at Marina del Rey, and Inn at Venice Beach. As the largest owner and operator of boutique hotels on the Pacific Coast, these property investments are consistent with Pacifica Hotels' overall mission to provide exceptional hospitality experiences and unique lodging products to its guests.

Marina del Rey Hotel is located at 13534 Bali Way Marina del Rey, CA 90292. For additional information about Pacifica Hotels call 800.720.0223 or visit www.pacificahotels.com.

About Pacifica Hotels

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's 25 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-diamond ratings, upgraded amenities and high standards of guest service. For complete hotel descriptions and reservations, visit www.pacificahotels