Ohana Real Estate Investors has sold its remaining shares in Waldorf Astoria Monarch Beach Resort & Club in Dana Point, California, to the San Manuel Investment Authority, an instrumentality of the Yuhaaviatam of San Manuel Nation, according to a Friday press release. Financial details were not disclosed.
Ohana acquired the luxury resort from KSL Capital Partners in 2019 for $497 million and partnered with Hilton to rebrand the property under Waldorf Astoria Hotels & Resorts, per the release. The hotel’s guest rooms and other areas underwent a renovation in 2022.
San Manuel Investment Authority initially acquired a 40% interest in the property in 2023, and at the time retained the option to increase its ownership through future transactions.
“Owning a luxury destination resort such as Waldorf Astoria Monarch Beach Resort & Club represents another milestone for our Tribe, enabling us to continue executing on our long-term diversification strategy,” Lynn Valbuena, chairwoman of the Yuhaaviatam of San Manuel Nation Tribal Council and San Manuel Investment Authority, said in Friday’s release. “We are pleased to further our investment for complete ownership of this renowned resort.”
Waldorf Astoria Monarch Beach features 400 guest rooms and suites, seven culinary concepts, a spa and salon, three pools, beach club access, a golf course and event space.
Hilton will continue to manage Waldorf Astoria Monarch Beach operations, while Troon will continue to manage operations of Monarch Beach Golf Links, per a separate release.
