This acquisition enables us to provide a guest experience for all lifestyles in one of Southern California’s most iconic beach destinations.
Phoenix, AZ (PRWEB) May 15, 2014
Classic Hotels & Resorts announced today the acquisition of The Laguna Cliffs Inn located in Laguna Beach, Calif. The boutique property is the newest addition to Classic Hotels & Resorts California Coastal Collection, which currently includes The Inn at Laguna Beach – also in Laguna Beach, Calif – and La Playa Carmel situated in Carmel, Calif.
The 36-room boutique hotel is located on the cliffs of Laguna Beach adjacent to The Inn at Laguna Beach – a 70-room luxury boutique hotel also owned and operated by Classic Hotels & Resorts. The property features expansive views of the Pacific Ocean, is a short walk from famed Main Beach and offers guests a way to enjoy their own unique lifestyle while visiting the destination.
“The Laguna Cliffs Inn is a natural addition to our growing portfolio and perfect complement to our existing footprint in Laguna Beach,” said John Grossman, Senior Vice President of Grossman Company Properties. “This acquisition enables us to provide a guest experience for all lifestyles in one of Southern California’s most iconic beach destinations.”
A recognized and innovative luxury property management company, Classic Hotels & Resorts has established a distinguished legacy of properties from historical landmarks to seaside retreats. Each unique asset, past and present, showcases the diverse capabilities of Classic management and ownership in the midscale to luxury markets. During the past 30 years the company has developed, owned and managed luxury hotels and resort properties throughout the Western United States, including iconic independent hotels Arizona Biltmore, Arizona Grand Resort & Spa, Inn at Laguna Beach and La Playa Carmel as well as established brands including Sheraton Hotels & Resorts, Marriott and Hilton Hotels & Resorts.
About Classic Hotels:
Classic Hotels & Resorts (CHR) is an affiliate of Grossman Company Properties (GCP). GCP is one of the premier commercial and residential developers in the Western United States. During the past 50 years, GCP has built, developed and managed more than 14 million square feet of high-quality properties, including Arizona Biltmore Resort & Spa, Biltmore Fashion Park, Inn at Laguna Beach and the Phoenix Spectrum Mall. Additional information is available at http://www.classichotels.com.
