Washington Holdings has acquired the St. Regis Monarch Beach Resort here from an affiliate of Citigroup, Inc..
DANA POINT, CA —Private real estate investment company Washington Holdings has acquired the St. Regis Monarch Beach Resort here from an affiliate of Citigroup, Inc..
Washington Holdings, which invests in well positioned commercial real estate assets in the Western United States and currently holds both debt and equity interests in hotel properties representing more than 10,000 hotel rooms, purchased Citigroup's remaining equity interest in the luxury seaside resort.
Opened in 2001, the oceanfront hotel features 400 guestrooms and suites, an 18-hole Robert Trent Jones Jr. designed championship golf course, 65,000 square feet of indoor and outdoor meeting space, restaurants and the 30,000 square foot Spa Gaucin.
Johnny So serves as general manager.
The resort is managed by Starwood Hotels and Resorts Worldwide, Inc.
News from our manufacturer's & re-posts from publications around the hotel and restaurant industry.