Over a five-year period, provided asset management of Marina Beach Hotel, and owner representation, for this destination resort hotel in the Marina del Rey area.

Asset management included re-branding this Los Angeles area hotel to a Marriott Hotels franchise and selection of Outrigger Hotels U.S. as facilities manager.  A major renovation was also completed that included an upgrade to case goods in all guestrooms and upgrade to food and beverage services provided at the hotel’s rooftop group events space.

Formerly the Marina Beach Marriott, the property is now known as the Marina del Rey Marriott.

Assignment performed by Donald Bredberg while under contract leading the investment portfolio managed by Newfield Enterprises International (“NEI”).   Asset management of the Marina Beach Hotel investment included this hotel and two others, retail and office space, and boat-slips at Marina del Rey.  Marina del Rey is a small craft harbor created by a public-private partnership that included the Army Corps of Engineers, and funded and planned by the Federal government, the County of Los Angeles, and private developers.  Marina del Rey is the largest man-made marina in North America, with over 4,600 boat slips.

The investment was held in joint venture with Real Property Management, Inc. (“RPM”) prior to completing a buyout of RPM’s interest in the portfolio.