![]() With a range of activities on offer from snorkelling and kayaking in the waters of the Pacific Ocean, to a spot of beach volleyball, what’s not to love? If there’s a group of you, why not hire a cabana where you can spend the day surrounded by magazines, fresh fruit, beverages on tap as well your own host to cater to your every need. The Montage is a stunning oceanfront property and one of the premier hotel brands in the World.This exquisite and classic hotel promotes the heart of local history and character of the nearby community through its display of art and traditional décor. ![]() It is one of my favorite places to visit and one of the most beautiful areas in the World. "I have been traveling to Laguna Beach for over 30 years. "I am truly thrilled to acquire this world-renowned property and add one of America's most iconic trophy resorts to our luxury hotel portfolio," said Fertitta in a news release Monday. Irvine-based hotelier Montage International will manage the hotel. The resort last sold for $360 million, according to commercial real estate data site Reonomy. The resort features two pools, direct beach access, a fine art collection, a state-of-the-art fitness center, a spa and high-end dining. The resort is one of only six hotel properties to receive Forbes' Triple Five-Star rating. The 30-acre hotel and resort sits on the coastline in Laguna Beach and overlooks the Pacific Ocean. Coast Highway is one of Orange County's trophy resorts. Fertitta also owns the Post Oak Hotel in Houston, the San Luis Resort in Galveston, Texas, the Huntting Inn in New York, and five Golden Nugget Casinos and Hotels. The Montage Laguna Beach (Courtesy the Montage)įertitta, who owns 14 other hotels, adds to his growing luxury hotel portfolio. Dajia sued to complete the deal, but a Delaware judge sided with Mirae last year. ![]() However, Mirae backed out, citing the pandemic's effects on the hotel business. in a $5.8 billion deal that was set to close a month after the coronavirus pandemic hit in 2020. luxury hotels to South Korea-based Mirae Global Asset Investment Co. In 2019, Dajia had initially agreed to sell the Montage Laguna Beach, the Ritz Carlton Half Moon Bay, and other U.S. "It shows how strong the market is for Orange County coastal trophy hotels."Ĭhina-based Dajia Insurance Group Co., formerly Anbang Insurance Group, has been trying to unload the Montage Laguna Beach and other high-end resorts in their portfolio for several years. "This would make it the second-highest price per room ever paid in California as well as the second-highest price ever paid for a hotel in California," said Reay to Spectrum News. In 2014, Strategic Hotels purchased the 757-room Hotel del Coronado from Blackstone & KSL Resorts for $787 million.
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