Project Description

Bob Safai Brokers Record Sale of The Malibu Beach Inn

Malibu, California: Madison Partners is pleased to announce the sale of The Malibu Beach Inn located along a strip of seashore nicknamed “Billionaires Beach” in Malibu, California. Simon and Daniel Mani purchased the 47-room property from David Geffen for nearly $80,000,000 or roughly $1,700,000 per room.

The 47-room property in Malibu is famous for its white sand, surf and its appeal to Hollywood executives. Mr. Geffen originally purchased the inn for around $29 million in 2005 and invested over $10 million into property improvements. The Malibu Beach Inn sale of nearly $1.7 million per room was the highest valuation for a hotel outside of Florida, New York or Hawaii, according to STR Analytics.

Bob Safai brokered the off-market transaction, representing both the buyer and seller.