Pier South Resort
Now Open: Pier South Resort is the result of the combined efforts of Pacifica Companies, The City of Imperial Beach, and Marriot Hotels. It is uniquely located on the sand in Imperial Beach and steps away from the surf of the Pacific Ocean. A Marriott-Autograph Collection Hotel, Pier South is also the only full-service hotel in Imperial Beach.
Hotel development was made possible by New Markets Tax Credits (NMTC) financing. Clearinghouse Community Development Financial Institution (CDFI), a local, mission-based community development lender, provided $10 million in NMTCs allocated to the project.
Download the Pier South Resort – San Diego Business Journal article.
"The City of Imperial Beach was fortunate to receive Clearinghouse CDFI financing for the Pier South Resort Hotel project on our oceanfront. It adds to our city's health and vitality, and will benefit not only city residents, but the entire region. We hope this will be a signal to other quality investors and community oriented business owners to come to Imperial Beach and we are grateful for the confidence expressed by Clearinghouse CDFI"
- Mayor Jim Janney of Imperial Beach
Financing Provided:
$10 Million of New Market Tax Credit Allocation
Location:
Imperial Beach, CA
Impact:
- Building features many sustainable design components and environmentally friendly elements
- Will employ 180 staff
- Expected to generate over $500,000 annually for the City of Imperial Beach
Year Funded:
2011
