Founded in 1978 by Mr. Ashok (Ash) Israni, Pacifica Companies is headquartered in San Diego, California and is comprised of over 100 different entities. Most of Pacifica's assets are owned individually by single-purpose companies. Pacifica is especially active in the apartment and condo markets.
As reported by San Diego Metropolitan Magazine,- position Pacifica rose to the position of number one builder in the first quarter of 2005. Pacifica continued as the leading builder in San Diego County for the entire year of 2005.
Pacifica Companies owns currently over 30 hotels of various sizes, Pacifica hotels are affiliated with many well-known franchise names such as Marriott, Holiday Inn, Radisson, and Double Tree. Pacifica Host Hotels has consistently been rated among the largest hotel companies in the country. Overall, Pacifica Companies currently has over more than $ 2.6 billion in assets and employs over 2300 people. Both in 2004 and 2005, Pacifica completed approximately $700 million in acquisitions, and acquired approximately $1 billion in properties. These acquisitions included hotels, apartment complexes, a large mixed-use development project, and an 850-acre parcel with 250 estate lots.
Pacifica companies started its Indian operation in 2004-05, with head office in Ahmedabad & regional offices in New Delhi, Bangalore and Hyderabad. These offices are well poised to meet our vision of establishing a national leading position in the real estate industry, spanning the spectrum of all real estate development. Pacifica brings along with it 3 decades experience in real estate to India. With the rationalized Foreign Investment Policies in India Pacifica has targeted several Indian cities for its projects.
Our Indian offices are run by a talented group of business professionals, with a combined property development experience of over twenty years.
PACIFICA CREATES VALUE BY DEVELOPING AND REPOSITIONING UNDERVALUED REAL ESTATE
Pacifica's management team consists of highly experienced and talented professionals who oversee acquisition, disposition, asset management and finance activities, as well as administrative, accounting and legal issues.