IRVINE, Calif.—Pacifica Hotels has announced the appointment of longtime Pacifica Hotels’ executive, Matt Marquis, to chief executive officer. Marquis has served as the company’s president for the past seven years, and will continue in that role, as well. He has been with the organization since 1997.
Marquis succeeds his father, Dale Marquis, who founded Pacifica in 1970. Dale Marquis will be moving into a chairman role, where he will continue to manage the company’s board of directors.
“My father paved the way for Pacifica Hotels to be a major leader and competitor in the hospitality industry,” said Matt Marquis. “I look forward to building upon the sturdy foundation he established over the last 45 years, while bringing a strong vision for the company’s future growth.”
As the president of the company, Marquis has been largely responsible for the company’s recent expansion and brand evolution. The company focus has shifted heavily to growing and developing a portfolio of independently branded, upscale properties. Recently, the company introduced a millennial-focused lodging concept, The Wayfarer.
“Matt is a big thinker and has the ability to strategically grow this company,” said Dale Marquis. “I have confidence he will build upon the successful model we’ve created over the past few decades and will take Pacifica into its next phase with great fortitude.”
Matt Marquis began his business career on Wall Street, working with two principle real estate investment firms. In 1997, he joined Pacifica (formerly Pacifica Real Estate Group) as an asset manager responsible for the commercial real estate portfolio. In 2000, he and Dale reintroduced Invest West Financial Corporation as the family’s primary business, and acquired Pacifica Hotel Company from their partners.