Tilman Fertitta, the sole owner and CEO of Fertitta Entertainment, has acquired the Montage Laguna Beach Resort Hotel overlooking the Pacific Ocean in Laguna Beach, Calif.
The sales price was not disclosed; however, it is estimated to be $650 million. China-based Dajia Insurance Group Co. sold the asset.
Montage Laguna Beach Resort Hotel is an award-winning Forbes Triple Five-Star hotel (one of only six hotel properties to receive such a designation in the United States) and has been included among Travel + Leisure's Top Hotels in the World.
Situated on a coastal bluff overlooking the Pacific Ocean, Montage Laguna Beach offers 30 acres of oceanfront luxury in the heart of the vibrant community of Laguna Beach. The craftsman-style resort features beachfront accommodations that provide guests with an elevated spirit of comfort epitomizing today's sense of luxury. The expansive resort includes the 20,000-square-foot Forbes Five-Star Spa Montage; a wealth of outdoor