The American KSL Capital Partners, a private equity firm specializing in travel and leisure investments, announced the takeover of the St. Regis Monarch Beach, from an affiliate of Washington Holdings.
KSL Capital Partners, a leading private equity firm, announced it is the new owner of the hotel St. Regis Monarch Beach, in Dana Point, a city located between Los Angeles and San Diego, particularly renown for its surf spots and other water sports on the US Pacific coast.
The 5-star hotel, has 400 rooms, 3 swimming pools, 6 restaurants with ocean view and a private beach. Starwood Hotels & Resorts Worldwide will continue to manage it under its St. Regis brand, which is present through 30 hotels worldwide.
Bernard Siegel, Principal of KSL, says, "Despite all that the resort has to offer, we are planning to bring it to an even higher level." This buyout marks the beginning of a new era for the St. Regis Monarch Beach.
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