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Case Study

The Multi Million Renovated Colony Palms Hotel Sold

​Jones Lang LaSalle represented Pacifica Capital Group in the sale of the fee simple Colony Palms Hotel.

The 57-room property, originally opened in 1936, spent many years as a popular retreat for the Hollywood elite, before becoming a health spa in the 1980s.
Pacifica Capital Group purchased the Property in 2004 and implemented an extensive, multi-million dollar renovation resulting in completely new public areas, MEP, HVAC, fire and other operating systems, kitchen, walkways, landscaping, and restaurant. The Property also received all-new FF&E with décor designed by the acclaimed interior designer, Martyn Lawrence-Bullard. A highlight of the Property is its acclaimed restaurant and bar, the Purple Palm which has received an impressive list of accolades including the 2008 Condé Nast Traveler Hot Tables Award.
For more information please contact Tony Muscio, +1 213 239 6363.

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