By Andrea Papagianis
The St. Regis Monarch Beach Resort has been sold to a Denver-based private equity firm. New owner KSL Capital Partners LLC announced the transaction in which it acquired the high-profile, 400-room luxury hotel through a press release Wednesday.
The seller was an affiliate of Seattle-based Washington Holdings LLC that had ownership of the property since 2010 after Citigroup foreclosed on the hotel in 2009. The St. Regis sits on 169 acres with six ocean view restaurants, three pools, a spa and the Monarch Beach Golf Links course.
“Despite all that the resort has to offer, we are planning to bring it to an even higher level,” Bernard Siegel, principal for KSL wrote in the release.
The resort will remain under the management of Starwood Hotel & Resorts Worldwide Inc., which owns the St. Regis brand. Financial details of the transaction were not disclosed.