The San Manuel Band of Mission Indians, owners of the Yaamava’ casino and hotel in Highland, are gambling on the high-stakes Orange County luxury resort market.
San Manuel announced Monday, June 5, that it bought a 40% stake in the Waldorf Astoria Monarch Beach Resort & Club in Dana Point. The 400-room, five-diamond hotel campus sits across the Pacific Coast Highway from the ocean on 162 acres.
The tribe is partnering with Ohana Real Estate Investors, which paid $497 million for the resort in Dana Point in 2020. The property includes a 6-acre private beach club, three swimming pools and its own 18-hole golf course.
Ohana and San Manuel did not disclose the dollar amount of the investment.
