Both of these hotels are highly successful, complex operations that compete very effectively in their submarkets.
LOS ANGELES – Warnick + Company announced it has been appointed asset manager of two Los Angeles hotels, the 500-room Torrance Marriott South Bay and the 1,000-room Los Angeles Airport Marriott, by XLD Limited, the U.S. subsidiary of Sichuan Xinglida Group Enterprises Co., a China-based real estate investor.
“Having represented ownership throughout the acquisition process by providing due diligence and investment underwriting, it is especially gratifying to be selected to provide ongoing advisory and asset management services for these two spectacular hotels,” said Thomas Morone, managing partner of Warnick + Company’s L.A. offices. “XLD are smart, successful, savvy investors, and we are actively involved with them discussing upcoming renovation plans to improve the overall guest experience, including a ‘great room’ style lobby for the Torrance property and an expanded club lounge at LAX.”
Located at 3635 Fashion Way in the South Bay region of Los Angeles County, the Torrance Marriott South Bay is adjacent to the new Nordstrom’s, minutes from Pacific Coast Highway and near miles of pristine beaches, Redondo Beach Pier, the Stub Hub Center and Del Amo Fashion Center. Hotel amenities include a full-service business center, indoor/outdoor connecting swimming pools, whirlpool and extensive meeting space. For on-site dining, guests may select from the Garden Court Restaurant, offering American cuisine, the Rain Wine Bar & Lounge and Starbucks. The hotel has been awarded the Energy Star by the Environmental Protection Agency.
Situated just two blocks from Los Angeles International Airport, the Los Angeles Airport Marriott is the second largest hotel in L.A. The hotel is convenient to such local attractions as Manhattan Beach Pier, Santa Monica Pier/Amusement Park and Rodeo Drive. Hotel amenities include complimentary airport shuttle service, swimming pool and fitness center and over 70,000 square feet of meeting space. The hotel provides numerous dining options, including JW’s Steakhouse, Latitude 33, which serves American and California cuisine, Champions Sports Bar and Starbucks. Like its sister property in Torrance, the Los Angeles Airport Marriott has been awarded the Energy Star by the Environmental Protection Agency.
“Both of these hotels are highly successful, complex operations that compete very effectively in their submarkets,” added Morone. “We look forward to collaborating with the operators to ensure that we are pushing every lever possible during this period of anticipated RevPAR growth and renewed interest in travel.”
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