(Bloomberg) -- The owners of Shutters on the Beach and Casa del Mar, popular hotels in Santa Monica, California, are exploring a capital raise to develop branded residences on adjacent land.

Located at the start of Pico Boulevard, on a sandy plot abutting the boardwalk and its more sophisticated sibling, Casa Del Mar (its only real competitor here), this fabulous Los Angeles beach ...

Boasting a prime location directly on the beach opposite its enchanting Hamptons-inspired kin, Shutters on the Beach ... the 1970s—but it seems Casa Del Mar has finally come full-circle ...

Boasting a prime location directly on the beach opposite its enchanting Hamptons-inspired kin, Shutters on the Beach ... a cultish drug rehab center during the 1970s—but it seems Casa Del Mar has ...

Though previous guests said Zoetry Casa del Mar Los Cabos Zen-like atmosphere induces repose upon arrival, R&R-seekers looking for an extra dose of luxury should head straight to the Zoetry Spa ...