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New Investor for Waldorf Astoria Monarch Beach

Dana Point hotel partially acquired by San Manuel Band of Mission Indians

Ohana Real Estate Investors has sold a partial ownership stake of the Waldorf Astoria Monarch Beach Resort & Club to the San Manuel Band of Mission Indians (SMBMI).

The 400-room property, one of the higher-end resorts in Orange County, was initially acquired by Ohana for nearly $500 million in 2019, and later rebranded into the Waldorf Astoria under Hilton.

San Manuel now holds an approximately 40% interest in the Dana Point hotel, ranked as Orange County’s 18th largest hotel. SMBMI has the option to increase its stake in the future, it said.

“Investing in a luxury destination resort such as Waldorf Astoria Monarch Beach represents another milestone for our Tribe, enabling us to continue executing our long-term diversification strategy,” SMBMI Chairwoman Lynn Valbuena said in a statement.

San Manuel, an indigenous tribe located in the San Bernardino region, counts four other hotels in its portfolio.

Ohana has owned other high-end hotel properties in Orange County such as the Montage Laguna Beach.

For more on the deal, see the June 12 print edition of the Business Journal.

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