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Montage, Ritz Up For Sale, Again

$1B Valuation, But Distressed Seller May Cut PriceTwo of Orange County’s poshest coastal resorts are back on the block and might be worth nearly $1 billion combined based on a hot hotel market and the properties’ prominence.

South Coast Repertory Names Artistic Director

David Ivers has been appointed artistic director of South Coast Repertory, succeeding Marc Masterson.

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Innovators Honored

Members of Orange County’s business community gathered Thursday at Hotel Irvine for the Business Journal’s fourth annual Innovator of the Year Awards.

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Philharmonic Names President

The Philharmonic Society of Orange County in Irvine named Tommy Phillips president and artistic director, effective Oct. 1.

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$400M Montage Project to Montana

Montage Hotels & Resorts will manage Montage Big Sky in Montana when it opens in 2021. The resort getaway project broke ground Friday in a partnership of Montage parent Montage International in Irvine and CrossHarbor Capital Partners LLC in Boston.

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Marwaha Family Buys 3rd SD Hotel

An affiliate of Anaheim-based Marwaha Group Inc. paid $22.7 million for Hampton Inn Carlsbad in North San Diego County; the deal closed Aug. 31.

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Rossignol Picks Global Bike Chief

Rossignol Group, a French maker of ski, snowboard and biking products, named Scott Rittschof to a new position as senior vice president of its global bicycle business, based in Irvine.

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T2 Buys Second Denver Parking Lot

T2 Hospitality in Newport Beach bought a quarter-acre of downtown Denver land for $3.55 million, a block from a one-third-acre parcel for which it paid $10 million in 2015, a local news report said.

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John Wayne FBO Gets Interim GM

Atlantic Aviation Named Kirsty Fournier interim general manager of its John Wayne Airport fixed base operations, replacing Mike Phegley.

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Two Hotel Submarkets Now 90% Full

Hotels in Newport Beach and Huntington Beach topped 90% occupancy in July, according to a monthly report from Los Angeles-based CBRE Hotels.

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JWA’s July Up 8%

John Wayne Airport passenger traffic rose about 8% year-over-year in July to 991,000; the year-to-date total of 6.2 million passengers is 5.4% higher than a year ago.

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Anaheim Ends Disney Deals

Anaheim City Council voted 7-0 Tuesday to end agreements with Disneyland Resort that would have given tax breaks in exchange for investment in the resort’s hotel and parks. Resort President Josh D’Amaro last week had asked the deals be terminated.

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Disney Letter Hits Development Debate

A letter from Disneyland Resort President Josh D’Amaro to Anaheim Mayor Tom Tait and the city council asking to end an agreement that would provide bed tax rebates from a planned luxury hotel shifts a debate in the city for several developers.

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Long Beach Airport Up 10%

Long Beach Airport traffic in July and year-to-date were each 10% higher year-over-year, with 358,000 passengers in the month and 1.2 million in the first seven months this year.

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Disney Suspends Hotel Project

Walt Disney Co. has stopped work on its fourth hotel near Disneyland Resort in Anaheim, the company said.

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NAMM, NAPEW Re-Up in Anaheim

Visit Anaheim said OC's two largest tradeshows by attendance—National Association of Music Merchants and Natural Products Expo West—have booked their slots at Anaheim Convention Center through 2023 and 2022, respectively.

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