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Historic Hotel to be Renovated

LOS ANGELES-Lighthouse Investments and Paligroup team up to buy the Embassy Hotel. Revamped version will debut this summer.

By Bruce Haring | Updated on April 03, 2013

SANTA MONICA, CA-Lighthouse Investments and developer Paligroup have teamed to purchase the historic 38-room Embassy Hotel at Third Street and Washington Avenue for $18 million. The renamed and revamped Palihouse Santa Monica is expected to debut this summer.

The property was originally built in 1927 and was granted historic landmark status in 2001 by Santa Monica. It boasts Moorish-influenced Mediterranean revival architecture, elements of which will be retained under new ownership. Owners, which include a local private equity group that was not named, declined to state the anticipated construction costs of the renovation or the sales terms.

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