Dana Point’s five-star Monarch Beach Resort sold for $497 million

The five-star Monarch Beach Resort in Dana Point — where an average night will cost you $380— has changed ownership again, this time selling for nearly a half billion dollars.
American Banker reports that hotel specialists Ohana Real Estate Investors from Redwood City acquired to 400-room luxury hotel from Denver-based KSL Capital Partners in October for a reported $497 million. Ownership of the blufftop resort, across the Pacific Coast Highway from the Pacific Ocean, has taken