KSL Capital Partners, a Denver-based private equity firm, has successfully acquired the St. Regis Monarch Beach resort 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 Spa Gaucin.
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The resort will continue to be managed by Starwood Hotels & Resorts as part of the St. Regis brand, said KSL Capital.
KSL principal Bernard Siegel said, "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."
"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," Siegel added.
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KSL specialises in travel and leisure investments in five primary sectors: hospitality, recreation, clubs, real estate and travel services.
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