LOS ANGELES—XLD Group has named Warnick + Co. as the asset manager for its newly acquired hotel properties in Torrance and Los Angeles. In two earlier stories, GlobeSt.com reported that the Chinese investor purchased the 500-room Torrance Marriott South Bay and the 1,000-room Los Angeles Airport Marriott from DiamondRock Hospitality. The advisory services firm will manage both assets.
Warnick + Co. advised XLD Group on underwriting and due diligence throughout the acquisition process for both hotels. According to Thomas Morone, a managing partner in the company's L.A. offices, the firm has now begun to discuss upcoming renovation plans for both hotels that will help to improve the overall guest experience. GlobeSt.com did not receive a response in request for an additional comment.
The renovation plans already in discussion include a great room-style lobby for the Torrance Marriott location and an expanded club lounge for the Los Angeles Airport Marriott property. Both properties already offer a wide range of onsite amenities and dining options, and have been very successful. The renovation plans aim to push the hotels to the next level to continue to stay competitive during the current and anticipated RevPAR growth in 2015.
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Kelsi Maree Borland
