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Thursday, Jul 18, 2024
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Rivian Automotive Partners with The Ranch at Laguna Beach

Rivian vehicles available to book onsite

The Ranch at Laguna Beach is the new hotel partner for Irvine-based Rivian Automotive Inc. (Nasdaq: RIVN) in California.   

Rivian will provide a few of its R1S and R1T vehicles onsite for hotel guests to borrow during their stay or book as a shuttle.  

The Ranch at Laguna Beach

The partnership with the electric vehicle maker adds to The Ranch’s other environmental initiatives at the 87-acre property, along with features like the half-acre biodynamic farm used by the hotel restaurant and its glass bottle recycling program to create sand for the golf course.  

The 97-room resort will also partner with Rivian’s flagship retail space in Laguna Beach, the South Coast Theater, to be the host resort for future events.  

Rivian’s first hotel partnership arrives in the same week as the automaker’s newest investor, Volkswagen Group. Shares are down 7.8% at $13.35 a piece during midday trading with a market cap of $13.5 billion.  

To read more about Rivian and Volkswagen, see the July 1st issue of the Business Journal. 

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