The Rubicon Companies Acquire the 640-room Hacienda Hotel in Los Angeles, California
10th Largest Hotel in Los Angeles County
Los Angeles, CA - September 12, 2013 - The Rubicon Companies announced today that its affiliate acquired the Hacienda Hotel in El Segundo in the Los Angeles basin for an undisclosed amount from a private family that had owned it for approximately 40 years. With 640 guest rooms, the Hacienda is the 10th largest hotel in Los Angeles County.
"The Hacienda represents the kind of special situation that Rubicon focuses on, where we can bring both capital and our skill sets to create value for our investors," said Marc Gordon, founder and Principal of the Rubicon Companies. "Previously, the management team operated only this hotel, so initially we will focus on updating management standards and systems to improve our overall guest experience. In the future, we will renovate and reposition the hotel to create an even better experience for our guests while delivering attractive returns for our investors."
The hotel features over 25,000 square feet of flexible meeting and banquet space; the highly regarded Carrasco's Restaurant serving breakfast, lunch and dinner; the Double H Sports Bar and the Double H Dance Club; and a heated pool and spa services. The hotel is conveniently located on Sepulveda Boulevard near major corporate headquarters in El Segundo, the beach communities of Manhattan Beach and South Bay, and the Los Angeles International Airport (LAX) with complimentary 24 hour shuttle service.
About the Rubicon Companies:
The Rubicon Companies are affiliated hospitality and real estate investment and asset management companies focused on achieving superior returns through the hands-on application of their industry expertise. Rubicon's team has extensive experience in acquisition, finance, development, operations, and marketing throughout the United States and Europe. Rubicon was founded in 2011 by Marc Gordon, formerly the President and a member of the Board of Directors of Morgans Hotel Group. Rubicon was recognized by The Wall Street Journal as having acquired the "Deal of the Week" when it purchased the Marriott hotel at LaGuardia airport in Queens, New York, in January 2013.
Rubicon may be reached at [email protected] http://magent.enr-corp.com/logopen.asp?reltrans=360499-0092
Contact:
Kathleen Duda
Managing Director
KVD Communications
Phone: (646) 723-4338
E-Mail: [email protected]
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
