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MIKE NORTONMIKE NORTON

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Historic Breakers Building in DTLB to Become Independent Long Beach Hotel

The historic building that is the Breakers in DTLB—home to the Sky Room and Cielo at the very top—will soon become an independent hotel under the direction of a private group led by John Molina, former COO of Molina Healthcare.

The group, dubbed Pacific6, is comprised of six founders that includes Molina and a group of those with a “diverse entrepreneurial backgrounds, including healthcare, financial services, risk management, human resources, legal affairs, and media/marketing development,” according to a press release from the development group.

Outside of Molina, they include Kevin Davis, former COO of Old Republic International; marketing guru David Telling; former Senior VP of Molina Healthcare Robert Gordon; attorney Todd Lemmis; and former Associate Vice President for Enterprise Programs, Learning and Development at Molina Healthcare John Heiman.

The move comes after a long controversy over the building’s future purpose after it stopped being a senior citizen living space after allegations of abuse flared in 2015. It was, at one point, supposed to be a sober living complex but that plan eventually failed—which brings Molina’s proposal into warmer territories as it involves a complete renovation of the building through the group’s $100M acquisition, $40M to $60M of which will go directly into renovation costs, according to Molina.

The possibilities are strong with an adaptive reuse project of this scale: from the ground floor spaces like the former Wine Down Lounge to massive event spaces—there once was a club during the 1980s and 90s on the south-facing side—Pacific6 has a lot of work ahead of them but also huge potential to shift the building’s presence.

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Mike Norton

mike@mikenorton.com
5625775021

KOHR GROUP REALTY

5222 E Los Altos Plaza
Long Beach, Ca 90815

Broker Lic#00975141

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Mike Norton | Kohr Group Realty  | DRE#00975141

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