Sonnenblick Development LLC, which helped develop Loews Santa Monica Beach Hotel, will spend $100 million on two hotels at California's Sacramento International Airport, the site's first new lodging properties in 30 years. The Los Angeles-based company won the contract to build the hotels, to be attached to the airport's new Terminal B, according to Robert Sonnenblick, the company's principal. Construction of a 225-room full-service hotel and a 150-room limited-service property will start in mid-2013, with an opening planned for the first quarter of 2015, he said. Hotel development has been stagnant in California and across the U.S. because construction financing has been difficult to obtain, according to Sonnenblick. The Sacramento airport's only hotel, a 150-room property from the mid-1970s, was demolished to make room for the new terminal, he said. "An airport of this size can support several hotels but currently has none," Sonnenblick said. "We see this as a specific opportunity that provides us with a monopoly in the foreseeable future." Sonnenblick's company will begin interviewing potential hotel operators for the airport properties this month, he said. The contract to build the hotels is with Sacramento County, which is leasing the land to Sonnenblick Development. The firm has spent $100 million over the past two years to buy seven parcels on the U.S. coasts, in locations it hasn't disclosed, for luxury resorts.
View Top Employees from Sonnenblick Development LLCWebsite | http://www.sonndev.com |
Revenue | $8 million |
Employees | 1 (1 on RocketReach) |
Address | 1422 Cuesta Linda Dr, Pacific Palisades, California 90272, US |
Phone | (310) 230-1200 |
Fax | (310) 230-1263 |
Industry | Real Estate |
SIC | SIC Code 655 Companies, SIC Code 65 Companies |
NAICS | NAICS Code 23721 Companies, NAICS Code 237 Companies, NAICS Code 2372 Companies, NAICS Code 23 Companies, NAICS Code 237210 Companies |
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The Sonnenblick Development LLC annual revenue was $8 million in 2023.
Robert Sonnenblick is the Chairman of Sonnenblick Development LLC.
1 people are employed at Sonnenblick Development LLC.
Sonnenblick Development LLC is based in Pacific Palisades, California.
The NAICS codes for Sonnenblick Development LLC are [23721, 237, 2372, 23, 237210].
The SIC codes for Sonnenblick Development LLC are [655, 65].