Wall Street Journal Features Sale of Malibu Beach Inn Brokered by Bob Safai

03/04/2015
Hollywood studio mogul David Geffen has sold the Malibu Beach Inn at a price of about $1.7 million per room, the highest valuation by this measure for any California hotel. The 47-room property at Malibu’s Carbon Beach in Los Angeles County is famous for its white sand, surf and its appeal to Hollywood executives. Mr. Geffen sold the inn for nearly $80 million to West Hollywood-based real estate investors Simon and Daniel Mani of the Mani Brothers Real Estate Group, according to Simon Mani.