The Company focus has been on innovation, growth and expansion with single-minded dedication to the highest quality and standards for its first hotel acquisition in 2011. Oceanic employs an effective and disciplined approach to asset choice and targets investments for assists that are under-serviced or overlooked with significant value-add opportunities. The assets revenue potential is realized through product and brand enhancement. This includes capital improvements, creativity and re-configurations that will rightly position asset in the marketplace. Oceanic invests in budget to luxury hotels, service levels are full-service, limited service and all-suits; and locations include urban, suburban, airport and resorts mainly in the USA.
The Oceanic Companies is based in San Diego, CA acquired its first hotel in October 2011, since then focus has been on innovation, growth and expansion with single-minded dedication to the highest quality and standards. With over 25 years of combined experience, we have successfully completed the acquisition of 17 hotels comparising 1579 keys in the last 24 months with a total cost of approximately over $42 million. Our current portfolio consists of then hotels comprising 1000 keys.