Private equity firm KSL Capital Partners has closed its acquisition of the St Regis Monarch Beach in Dana Point, California.
The seller was an affiliate of Washington Holdings.
The resort will continue to be managed by Starwood Hotels & Resorts as part of the St Regis brand. Financial details of the transaction have not been disclosed.
The St Regis Monarch Beach is a Forbes Five-Star, AAA Five-Diamond destination resort, located along the Pacific Ocean in Dana Point, California. The resort features 400 luxury rooms and suites across 169 acres, with six ocean view restaurants, three swimming pools, the championship Monarch Beach Golf Links, and the Spa Gaucin.
"The St Regis Monarch Beach is one of a handful of properties that has it all – luxurious accommodations and world-class amenities, in an irreplaceable location steps from the Pacific Ocean, all in an easy drive from Southern California or flight via three major airports located nearby," says Bernard Siegel, principal of KSL. "Despite all that the resort has to offer, we are planning to bring it to an even higher level. We could not be more pleased to be part of the resort and its surrounding community."