Investment firm forms partnership with the San Manuel Band of Mission Indians to co-own the award-winning coastal resort in Orange County, California
AUSTIN, Texas, June 5, 2023 /PRNewswire-PRWeb/ -- Ohana Real Estate Investors ("Ohana"), a vertically integrated real estate investment firm, announced the sale of a partial ownership stake in the 400-room Waldorf Astoria Monarch Beach Resort & Club ("Waldorf Astoria Monarch Beach" or "Waldorf Astoria") in Dana Point, Calif. to the San Manuel Band of Mission Indians ("SMBMI" or "San Manuel").
"We are excited to join forces with San Manuel on this wonderful asset," said G. Christopher Smith, Founder and CEO of Ohana. "San Manuel and Ohana 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 to our discerning guests."
"Investing in a luxury destination resort such as Waldorf Astoria represents another milestone for our Tribe, enabling us to continue executing on our long-term diversification strategy," said SMBMI Chairwoman Lynn Valbuena. "The stunning coastal setting along with its exceptional guest service and amenities are features that our Yaamava' and Palms guests will enjoy. We are excited to partner with Ohana and impressed with Hilton and Waldorf Astoria's strategic repositioning of the property over recent years."
Waldorf Astoria Monarch Beach sits atop a bluff overlooking the Pacific Ocean and is one of Southern California's iconic luxury resort destinations with an unmatched level of world-class amenities for resort guests and members. The property features 400 newly refreshed guest rooms and suites; an extensive array of dining options; Waldorf Astoria Spa & Salon, three expansive pools; approximately 120,000-square feet of meeting and event space; an 18-hole championship golf course designed by Robert Trent Jones, Jr.; and an exclusive beach club with a beachfront indoor-outdoor bar and restaurant.
San Manuel's investment in Monarch Beach Resort consists of an approximately 40% interest in the property with the option to increase its ownership through one or more future transactions.
Ohana acquired the previously independent Monarch Beach Resort in November 2019, and subsequently partnered with Hilton to re-brand the resort under the Waldorf Astoria flag. In 2022, Ohana completed a renovation of the resort's guest rooms and other spaces.
About Ohana Real Estate Investors
Ohana Real Estate Investors is a vertically integrated investment firm with expertise across hotel, residential, and development projects. Founded in 2009, Ohana invests across the capital structure through dedicated equity and credit fund vehicles and currently manages $2.7 billion on behalf of a global investor base, including university endowments, foundations, and family offices. Ohana invests in desirable urban and resort markets throughout North America. For more information, please visit http://www.ohanare.com.
About San Manuel Band of Mission Indians
The San Manuel Band of Mission Indians is a federally recognized Indian tribe located on the San Manuel Indian Reservation near Highland, California. San Manuel exercises its inherent sovereign right of self-governance and provides essential services for its citizens by building infrastructure, maintaining civil services, and promoting social, economic, and cultural development. As the Indigenous people of the San Bernardino highlands, passes, valleys, mountains and high deserts, the Serrano people of San Manuel have called this area home since time immemorial and are committed to serving as active community partners in the San Bernardino region and beyond. For more information, visit http://www.sanmanuel-nsn.gov.
About Waldorf Astoria Monarch Beach Resort & Club
Waldorf Astoria Monarch Beach Resort & Club is nestled hillside along the coast and offers panoramic views of the Pacific Ocean. Perched on 175 acres with 400 guest rooms and suites, seven culinary experiences, three sparkling pools, a Waldorf Astoria Spa, and the private Monarch Bay Beach Club, this elegant AAA Five-Diamond retreat offers both indulgence and inspiration. From oceanfront culinary experiences, unique coastal activities and the Robert Trent Jones-designed Monarch Beach Golf Links, resort guests and club members will experience an elevated slice of California's beach culture. Equal parts sophisticated, approachable and intimate, Waldorf Astoria Monarch Beach Resort & Club has a personality that fits perfectly with the playful coastal lifestyle of the area. Seamlessly bringing to life, Waldorf Astoria's brand ethos, the resort offers unforgettable experiences and unparalleled standards of luxury service and hospitality. For more information about Waldorf Astoria Monarch Beach Resort & Club, please visit http://www.waldorfastoriamonarchbeach.com.
Media Contact
Sofie Lejejs, Ohana Real Estate Investors, 1 (949) 291-4246, [email protected]
SOURCE Ohana Real Estate Investors
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