LOS ANGELES—Warnick + Company has been appointed asset manager of two California 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,” stated 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 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, the Garden Court Restaurant, the Rain Wine Bar & Lounge and Starbucks. Situated two blocks from LAX, the Los Angeles Airport Marriott features complimentary airport shuttle service, swimming pool, fitness center and more than 70,000 sq. ft. of meeting space. The hotel provides numerous dining options, including JW’s Steakhouse, Latitude 33, Champions Sports Bar and Starbucks.