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Pacifica Companies consists of numerous corporations, partnerships and limited liability companies that control a large, diversified pool of real estate assets. The asset class distribution of this portfolio is approximately 23 percent hotel properties, 25 percent multifamily properties, 36 percent residential development, 10 percent land held for development, 3 percent commercial/retail and 3 percent office.
The following section highlights several projects that Pacifica Companies has been involved in recently:
Pacifica is currently partnering with the City of Chula Vista and the Unified Port of San Diego to plan and develop 550 acres on the Chula Vista bayfront, including the largest privately owned site on San Diego's bayfront. Bayfront Commons, Pacifica's portion of this development, will include up to 2,000 residential units, a hotel, 300,000 to 475,000 square feet of retail and office space, and significant public spaces. For further information on this important project, click the following link: Chula Vista Bayfront Master Plan.
Pacifica is also in the process of developing a mixed-use project on 82 acres in La Costa. The total build-out will be in excess of $200,000,000.
Additionally, Pacifica is developing mixed-use projects that will include more than 200 condominium units in and around downtown SanDiego.
Pacifica Companies recently closed on the purchase of a 256-unit apartment complex in La Jolla, California and also acquired a 232-unit apartment home community in Del Mar, California. Both projects are highly recognized and highly respected within the San Diego real estate community.
Pacifica Hosts Inc., which is the hotel operations arm of Pacifica Companies, currently oversees the day-to-day operations of over 30 hotel properties located in California, Florida, Texas, and New York. The majority of Pacifica hotels are flagged with national franchises such as DoubleTree, Radisson, Best Western, Holiday Inn, Days Inn, Marriott and Clarion. In addition to the reservation system and marketing provided by the franchisers, Pacifica Hosts also maintains its own separate reservation system and initiates independent marketing campaigns on behalf of the properties it manages.
Overall, properties owned by Pacifica Companies are valued at more than $2.0 billion. Pacifica Companies currently employs more than 2300 people at its offices and properties throughout the world. Gross revenues for all operations exceed $800 million per annum.
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