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Two Marina Del Rey Hotels Sell for $32.5M

Pacifica Hotel Co. Acquires 292 Rooms; Renovations Scheduled for 2006-07
By Bee Barker
August 8, 2006 | 12:39 P.M.

Pacifica Hotel Co. acquired the Marina Del Rey Hotel and Marina and the Marina International Hotel and Bungalows from an undisclosed seller for $32.5 million, or about $111,300 per room. The property totaling 267,057 square feet sold for $282 per square foot.

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