US-based Pacifica Companies to build another five

US-BASED Pacifica Companies India, founded a non-resident Indian, is set to build its second five-star hotel in Ahmedabad, Gujarat, India even as construction for the first one is about to begin.

The second five hotel will be built with an estimated investment of Rs.1.5-2 billion along the Sarkhej-Gandhinagar High way on the western fringe of Ahmedabad, Gujarat, India. The SG Highway, as it is better known, is the new corporate address of the city. San Diego, California-based Pacifica companies was founded in 1978 by Ashok (Ash) Israni, Its new five-star hotel in Gujarat, India will be built on land formerly owned be the Tourism Corporation of Gujarat Ltd(TCGL), for which Pacifica companies successfully put up a bid of Rs.240 million, a source told IANS. Under the sale guidelines it has been specifically laid down that the property can be used only for tourism related project though earlier there were indications that Pacifica may build a mall there.

Pacifica companies? hotel portfolio currently contains over 30 properties located in Arizona (AZ), California (CA), Florida (FL), Texas (TX), and New York (NY). Most of the hotels have recognized brand names such as Marriott, Courtyard by Marriott, Best Western, Holiday Inn, DoubleTree, Clarion, Hilton and Radisson.

Pacifica?s first hotel project in Ahmedabad, Gujarat, India is a five-star business class hotel in association with the Marriott International lodging company. With 160-plus rooms, it will be the largest five-star hotel in Ahmedabad, Gujarat, India, according to Pacifica.

It is coming up in a posh satellite area of western Ahmedabad adjacent to the SG Highway. The location is in close proximity to prime residential areas, retail outlet space and institutional space.

With the new sale, TCGL has disposed of eight of its properties in the states so far. The corporation is now focusing on the sale of another 12 properties across the state. These include the Chorwad beach resort in Junagadh district in Saurastra.

TCGL by this strategy will now focus only on development of tourism in the state, sources said.

Pacifica has nearly $2 billion in assets. Pacifica Hosts Inc., the hotel management arm of Pacifica Companies, currently manages over 30 hotels of various sizes, the largest being a 600-room hotel at the Los Angeles International Airport.



Posted by Dan Esquivel on December 13, 2008 at 12:00 AM

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Local Information for Clinton Township, MI

Latitude: 42.466086 -- Longitude: -82.946417


ZIP Codes for Eastpointe, Michigan 48021 
Area Code for Eastpointe, Michigan 586
Time zone for Eastpointe, Michigan EST



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The community was first settled by Irish and German immigrants in the 1830s. In October 1897, a Post Office was established there with the name of "Half-way", as it was near the halfway point of the stage run between downtown Detroit and the Macomb County seat at Mount Clemens. It incorporated as the village of Halfway in December 1924 and reincorporated as the City of East Detroit in January 1929. The city changed its name to "Eastpointe" after a vote in 1992; the name change had been proposed to reduce its association with the adjacent city of Detroit, and the "-pointe" is intended to associate the city with the exclusive communities of the Grosse Pointes. One effect of changing the city's name was a dramatic rise in property values. Prior to 1924, the majority of the city was part of Erin Township. The school district that serves most of the city was unaffected by the municipal name change, and still uses the name East Detroit Public Schools. -- Source: Wikipedia.com




Michigan 2000 Census Population Profile Map

Eastpointe Michigan United States
Population 34,077 9,938,444 281,421,906
Median age 36.6 35.5 35.3
Median age for Male 35.1 34.3 34
Median age for Female 38.5 36.6 36.5
Households 13,595 3,785,661 105,480,101
Household population 33,998 9,688,555 273,643,273
Average household size 2.5 2.56 2.59
Families 8,961 2,575,699 71,787,347
Average family size 3.11 3.1 3.14
Housing units 13,965 4,234,279 115,904,641
Occupied units 13,595 3,785,661 105,480,101
Vacant units 370 448,618 10,424,540

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Dan Esquivel - Real Estate One
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