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Friday, Jun 21, 2024
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HOSPITALITY/FOOD: LYNN VALBUENA

CHAIRWOMAN, SAN MANUEL BAND OF MISSION INDIANS (SMBMI)

WHY: Chairs indigenous tribe located in San Bernardino region which holds ownership interest in six hotel properties, approximately 2,000 keys total.

IN THE NEWS: Led purchase of 40% stake in Dana Point’s Waldorf Astoria Monarch Beach Resort & Club in June, an estimated $240M investment. Marks largest-ever investment in non-casino property and group’s first reported investment in OC. Has option to increase stake in hotel in the future.

NOTEABLE: Property portfolio includes Highland’s Yaamava’ Resort & Casino at San Manuel, Residence Inn National Mall in Washington, D.C., Palms Casino Resort in Las Vegas.

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