The San Manuel Investment Authority, through its affiliated entities, acquired full ownership of Waldorf Astoria Monarch Beach Resort & Club in Dana Point, Calif. Other terms and conditions were not disclosed. The resort serves as a cornerstone non-gaming resort within the tribe's luxury destination portfolio.
"I am excited to announce our additional investment to acquire full ownership of Waldorf Astoria Monarch Beach," Lynn Valbuena, chairwoman of the Tribe, and the Tribe's investment board, said in a statement. "This beautiful destination resort is the perfect complement to the Tribe's investment portfolio and fits well with our long-term investment and diversification strategy. Since 2023, following the acquisition of a partial ownership interest in Waldorf Astoria Monarch Beach by a SMIA affiliated entity, our Yaamava' and Palms guests have enjoyed the warm hospitality and the oceanside views offered by Waldorf Astoria Monarch Beach, and the Monarch Beach Golf Links. We are excited to share this news with them, as well."
"We're grateful for the opportunity to have contributed to the growth and success of this exceptional resort, and equally excited for its next phase of ownership through the leadership of the San Manuel Investment Authority," said Franco Famularo, president and chief investment officer of Ohana Real Estate Investors.
Hilton will continue to manage operations of Waldorf Astoria Monarch Beach, preserving operational continuity. Similarly, Troon will continue to manage operations of Monarch Beach Golf Links.
Waldorf Astoria Monarch Beach has 400 guestrooms and suites, a wide array of culinary experiences, Waldorf Astoria Spa & Salon, three pools, access to an exclusive beach club, a Robert Trent Jones, Jr. designed golf course and 120,000 square feet of event space.