Richard Stark & Laurie Stark Of Chrome Hearts Acquire Surfrider Hotel Malibu For $37.5M From Dauntless Capital Partners

The Surfrider Hotel, located at 23033 Pacific Coast Highway in Malibu, is a 20-room hotel that has recently been sold for $37.5 million. The property, originally built in 1953 and renovated in 2014, features a beachfront location with a price per key of $1,875,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $37,500,000
• Address: 23033 Pacific Coast Highway, Malibu
• Buyer: Richard Stark & Laurie Stark - Chrome Hearts
• Seller: Dauntless Capital Partners
• Buyer & Seller's Representative: Nicholas Oertli - The Marella Group
• Number of Keys: 20
• Price per Key: $1,875,000

Chrome Hearts plans to incorporate its signature gothic-rock aesthetic into the Surfrider Hotel, highlighting its vision for the unique integration of brand identity within the renovated space.