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OC-Backed Pebble Beach Expands

Pebble Beach Co. in August will open 38 new rooms under the name Fairway One, at The Lodge at Pebble Beach. The new spaces overlook Pebble Beach Golf Links and include 6,500 square feet of meeting space.

Newport Beach investor Peter Ueberroth, chairman of private equity firm Contrarian Group, and Lake Tahoe investor Dick Ferris are the controlling shareholders of Pebble Beach Co.

Pebble Beach Co. owns the Pebble Beach Resorts on the Monterey Peninsula. The resorts have three lodging facilities—The Lodge, Inn at Spanish Bay and Casa Palmero—and four golf courses: Pebble Beach Golf Links, Spyglass Hill Golf Course, The Links at Spanish Bay, and Del Monte Golf Course.

A press release said all 454 rooms at the three lodging facilities are being renovated in a run-up to two golf events to be hosted on the property—the 2018 U.S. Amateur and 2019 U.S. Open championships—and the overall resort’s centenary anniversary in 2019.

The property annually hosts the AT&T Pebble Beach Pro-Am in February.

Other offerings at Pebble Beach include a golf academy, spa, equestrian center and scenic drives.

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