Ohana Real Estate Investors has sold its remaining ownership stake in Waldorf Astoria Monarch Beach Resort & Club in Dana Point, Calif., to the San Manuel Investment Authority, an instrumentality of the Yuhaaviatam of San Manuel Nation. The 400-key oceanfront resort was acquired by Ohana in November 2019 and rebranded under the Waldorf Astoria Hotels & Resorts brand in partnership with Hilton. A comprehensive renovation of the property, including guest rooms and other key areas, was completed in 2022.
“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. “This transaction is a meaningful reflection of our thoughtful, data-driven investment approach and the collaborative efforts of our partners and team.”
“Owning a luxury destination resort such as Waldorf Astoria Monarch Beach Resort & Club represents another milestone for our Tribe, enabling us to continue executing on our long-term diversification strategy,” said Lynn Valbuena, chairwoman of the Yuhaaviatam of San Manuel Nation Tribal Council and San Manuel Investment Authority. “We are pleased to further our investment for complete ownership of this renowned resort and look forward to shepherding the property into its exciting next chapter.”
Waldorf Astoria Monarch Beach is located atop a seaside bluff overlooking the Pacific Ocean. The resort offers 400 guest rooms and suites, three pools, access to an exclusive beach club, the Waldorf Astoria Spa & Salon, a Robert Trent Jones, Jr. designed golf course and 120,000 square feet of event space. The property has also hosted culinary offerings and meetings as part of its facilities.
This sale marks the second transaction in the strategic partnership between Ohana and the Yuhaaviatam for this property and transfers full ownership to the San Manuel Investment Authority.
