2 Firms Join Forces to Build Hotel in Malibu
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The Adamson Cos. has announced it will join forces with the firm that owns the Hotel Bel-Air to develop and manage a luxury hotel the company has long wanted to build overlooking the Pacific Ocean in Malibu.
Besides the Hotel Bel-Air, which it purchased recently, the Sazale Corp., a Japanese firm, operates several luxury hotels in the United States and France, including the Los Angeles Biltmore.
Adamson officials said they hope to start soon on the proposed 300-room, $65-million hotel on 27 acres near Pepperdine University. However, the California Coastal Commission has stipulated that a regional sewer system must be in place in Malibu before the hotel can be built. Slow-growth advocates are opposed to the sewer.
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