Press & Media Coverage
Luxury Fashion Brand Chrome Hearts Pays Up for Famed Malibu Hotel
“Chrome Hearts pays $37.5 million for Surfrider Hotel overlooking the Pacific, one of highest prices paid per room in Southern California.”
“The sale, which was arranged off market by Nicholas Oertli of The Marella Group and Ed Marek of Marhilus Ventures, is a shot in the arm to Malibu nearly a year after the Palisades Fire destroyed hundreds of homes and businesses there.”
The Wall Street Journal
“This deal is an exception to the general rule of the hotel market these days in Los Angeles, where numerous properties are defaulting on debt, facing foreclosure and a tough sales environment.”
“The oceanfront hotel, a “California beach house,” as it’s called, was owned by Dauntless Capital Partners, according to property records. The Marella Group brokered the deal.”
Malibu Exception: Boutique Hotel Deal Among Priciest in California History
The real deal