Records indicate affiliates of Ohana Real Estate Investors, which owns the Waldorf Astoria Monarch Beach Resort & Club locally, sold the property for more than $2 million per key.
The luxury hotel wrapped construction in December 2020.
Sunstone’s last big acquisition was in mid-2017, when it paid $175 million for Key West’s Ocean Edge Resort & Marina.
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Sunstone Pays $265M for California Resort
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