Representing
Ohana Real Estate Investors LLC, JLL's Hotels & Hospitality Group arranged the sale of the Montage Laguna Beach, a 250-key luxury resort located in Laguna Beach, Calif. Strategic Hotels & Resorts purchased the asset for $360 million.The Montage Laguna Beach is one of the most impressive, five-star resorts in the world. The property has thrived under Montage's best-in-class management and looking forward, Strategic's stewardship will result in strong yield and an incredible experience for its guests.
Montage Hotels & Resorts will continue to manage the luxury destination resort. Opened in 2003, the hotel overlooks the Pacific Ocean and features 60 suites, 16,000 square feet of indoor meeting space, a 20,000 square-foot spa, and several renowned food and beverage outlets.
