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Shutters on the Beach, a luxury hotel right next to the Pacific Ocean in Santa Monica, has a very liberal cancellation policy. When you book your room at the Forbes Travel Guide Four-Star hotel, you’ll need to give your credit card number to hold the reservation. If your plans change and you need to cancel your booking, just be sure to call Shutters on the Beach at least 12 hours in advance of your arrival time. Otherwise, if you cancel with less than 12 hours notice, your credit card on file will be charged for the full amount of your stay.