Investment firm forms partnership with the San Manuel Band of Mission Indians to co-own the award-winning coastal resort.
Ohana Real Estate Investors announced the sale of a partial ownership stake in the 400-room Waldorf Astoria Monarch Beach Resort & Club in Dana Point, Calif. to the San Manuel Band of Mission Indians.
“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 www.ohanare.com.