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LA SKY HARBOR LLC ACQUIRES DOULBETREE BY HILTON SAN PEDRO – PORT OF LOS ANGELES

LA SKY HARBOR LLC ACQUIRES

 

 DOULBETREE BY HILTON

 

SAN PEDRO – PORT OF LOS ANGELES

 

LOS ANGELES, CA, March 16, 2013 – LA Sky Harbor, LLC (‘SKY HARBOR”)announced today that it has purchased the 226-room DoubleTree by Hilton San Pedro – Port of Los Angeles. The DoubleTree by Hilton San Pedro – Port of LA represents the first hotel acquisition for SKY HARBOR. AVIC International USA (“AVIC”), the major shareholder of SKY HARBOR, is excited to enter the hospitality industry and take on its first hotel project in the U.S.A.

 

Mr. Xu Ming (Sherman) Zhang, President of AVIC commented, “With a comprehensive business plan, we anticipate a seamless transition and a quick addition of value to the bottom line.  We see great growth potential and upside investment opportunities in the U.S. commercial real estate sector, particularly in the hotel field.” Zhang added, “AVIC International Holdings in China and Hong Kong is a diversified conglomerate. Besides aviation, our business covers new energy, real estate, hotels, high-end retail, international trade, logistics, electronics and more. This hotel fits perfectly into our global business strategy and extends our China hotel portfolio.”

 

The hotel will now be managed by RIM Hospitality, which also manages the DoubleTree by Hilton Los Angeles-Downtown. Mr. Russ Cox, Chief Operating Officer from RIM Hospitality, Hotel Management Company, remarked, “We have worked with the new ownership alongside existing employees of the hotel and look forward to a long-term relationship to build a strong future together.” Cox continued, “We have been in the business more than 30 years and have managed more than 90 hotels; this DoubleTree by Hilton represents one of best potential growths assets in part because it is very unique water-front property.”

 

Abdellah Choukri has been appointed General Manager for the hotel. Choukri was most recently general manager at Hilton Garden Inn Lake Oswego Oregon but also brings experience from the DoubleTree Guest Suites in Omaha Nebraska and DoubleTree Hotel Seattle Airport.

 

“I’m extremely excited to be a part of the DoubleTree by Hilton San Pedro – Port of Los Angeles,” said Choukri. “I am confident that with my long history with Hilton portfolio hotels, I I can assist with the new owner’s dream of reinventing the hotel lobby by building a new restaurant, bar, and patio areas which will brand the hotel into a destination on the Los Angeles waterfront, similar to the other waterfront hotels I’ve helped transform.”

Mr. Wei Cui, shareholder of LA Sky Harbor, noted, “This DoubleTree is a hidden gem inside the bustling city of Los Angeles and is conveniently located next to the Cabrillo Marina and Beach. Similar to a private white sand island getaway, the immediate surroundings of the hotel vicinity offer amenities for business and leisure travelers alike.” Cui added, “You don’t have to go Hawaii or Miami to enjoy the beach for few days’ vacation. At our hotel, you can charter a yacht for fishing, sailing, whale watching, or to simply enjoy sunsets. For the golfers, our hotel offers assistance in booking the best tee time at the renowned World’s top 50 Trump National Golf Course. Guests can go to Port of Call’s Fish Market to pick up fresh fishes, crabs or lobsters to be cooked right in front of you in any style you wish and dine on their patio overlooking the Port of Los Angeles waterfront.  Tourists may take local harbor cruises or drive along the beautiful California Riviera coastline and scenic Palos Verdes Peninsula.”

Frank Yuan, CEO of ASAP, the Asset Manager, affirmed, “DoubleTree in LA Marina is located in San Pedro, a city renowned for being the busiest port in the U.S., The Port complex offers guests its major Cruise Terminal as well as the USS Iowa Battleship. San Pedro is in the midst of renaissance, with the recent approval for new developments in the Ports O’ Call Village and plans to have a mix of retail, restaurants and conference centers along the beach.” Yuan concluded “San Pedro just celebrated its 125 years birthday and approved a $500M rail system project, and, in addition to the City Dock project with USC, will become the world’s largest Marine Research Institute with an addition of 10,000 employees. We have invested in a terrific city with perfect timing.”

 

About DoubleTree by Hilton San Pedro – Port of L.A.

 

The DoubleTree is a full servicehotel located along the San Pedro Marina and extends along a quiet beach front with breathtaking views of the ocean and silhouettes of wind surfers, all against the familiar backdrop of Santa Catalina Island (which is at its closest point to the Southern California shore).

 

The mile-long Cabrillo Beach is popular for swimming, surfing, scuba diving, volleyball, wind surfing and fishing. Spend a day walking along the beach, chartering a private yacht for a sport fishing excursion or enjoying a romantic sunset dinner dance cruise. The Cabrillo Marine Aquarium is a short walk from the hotel.

 

Less than five miles from the hotel is the Trump National Golf Club of Los Angeles, considered the pinnacle of the luxury public golf experience. With world renowned restaurants, unmatched service, exclusive amenities, and spectacular panoramic Pacific Ocean views, Trump National has no equal.

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