Ohana Real Estate Investors has sold a partial ownership stake in the 400-key Waldorf Astoria Monarch Beach Resort & Club in Dana Point to the San Manuel Band of Mission Indians. Terms were not disclosed, however, San Manuel’s investment consists of an approximately 40% interest in the property with an option to increase its ownership through one or more future transactions.
G. Christopher Smith, founder and CEO of Ohana expressed his excitement over joining forces with San Manuel on this wonderful asset: “We share a common vision for Waldorf Astoria Monarch Beach’s future – one where we will continue to elevate its world-class offerings while providing an unparalleled experience for our discerning guests.”
The property features 400 newly refreshed guest rooms and suites; various dining options; Waldorf Astoria Spa & Salon; three pools; 120,000 square feet of meeting and event space; 18-hole championship golf course designed by Robert Trent Jones Jr.; as well as exclusive beach club complete with beachfront indoor/outdoor bar and restaurant.
“Phoenix-Area Projects Receive $50M Investment from Self-Storage Developer”
Abernathey Holdings is currently constructing three self-storage facilities throughout the Phoenix metropolitan area. The company recently opened its first development
Steve Griffin
November 7, 2024
