Oceanic Enterprises LLC.
Three years ago, Oceanic purchased the property and completely renovated it, he said, creating a modern and minimalistic vibe. Founded in 2011 and with 14 other properties around the country, Oceanic owns three other hotels in San Diego, he said, including 1906 Lodge in Coronado and Sunrise Inn San Diego.
Cormorant and BirdsEye combined are projected to make $3 million in revenue, Chawla added. Together, the properties will bring over 25 new jobs to the city.
Another 30 Days
“When we started renovating this hotel, we initially hadn’t planned an extensive renovation,” he said. “We ended up practically building a new venue, with new plumbing, new electrical. We changed the plan once we started construction and knew this was our only opportunity to do it the right way. In the middle of construction I changed my mind again, and decided on the rooftop restaurant and bar. COVID itself slowed down work, but we are now finally here, anticipating another 30 days of work before opening, so we are almost at the finish line.”
Right now, the final touches are being installed, said Chawla, including furniture in the lobby and carpeting in the rooms.
For Chawla, acquiring a property in La Jolla was a no-brainer, especially considering the La Jolla ocean views. It was that panorama in particular that prompted him to also build a rooftop venue, he said, adding that BirdsEye’s revenue will be approximately $1.3 million annually. There aren’t many other rooftop food and beverage venues in La Jolla, added Chawla, with the exception of the likes of George’s at the Cove.
“I wasn’t sure it was the right decision at first, because it took 12 months to get approval from the state -- it was a challenge,” Chawla said. “It was a long process and we couldn’t finish construction until it was figured out. Then COVID slowed down the work. But, once you see it, you will see why I did it. Those views can’t get any better - they are unobstructed ocean views.”
On the technology side, Mendoza Reyes said Cormorant and BirdsEye will use an application that will allow guests to have access to all the information they will need for their stay. This includes access to expedited check-in and check-out, the ability to have their vehicle retrieved by ordering, order room service, including directly from BirdsEye and the market, and using the app as a remote key to lock and unlock their respective hotel rooms.
Lions Gate Hotel in Sacramento
Chawla founded Oceanic in 2011 when he acquired his first hotel property in Palmdale, a Super 8. That sparked his passion for property assets and the real estate industry. By 2018, Chawla expanded his portfolio to 23 properties, comprised of 805 keys.
Today, Oceanic has 14 properties, said Chawla. Including the three in San Diego, Oceanic also owns and operates Lions Gate Hotel in Sacramento, Sands Inn & Suites in San Luis Obispo and Super 8 in Santa Barbara.