Orange County Business Journal reported that Strategic Hotels & Resorts successfully completed the sale of the Ritz-Carlton, Laguna Niguel for a massive total of $600 million. The major buyer involved in acquiring the Dana Point hotel was KSL Capital Partners. Following its completion, the transaction officially marked the largest hotel sale in Orange County history.
Further details of the transaction show that the prominent property traded for $1.6 million per room. Earlier this year, CoStar assessed the property at $447.6 million, while the real estate portion of the overall transaction was specifically listed at $378 million.
Discussing the transaction, Kelly Steward told Orange County Business Journal, "This investment has been incredible." Steward also told Orange County Business Journal, "I think that’s given us a lot of vitality and I would say a lot of vim and vigor for, what do we need to do next?"
In terms of the operational structure following the sale, Peregrine Hospitality will operate the four-story hotel, and Marriott International will continue to manage the resort. For background on the operator, Peregrine Hospitality officially rebranded from KSL Resorts in 2025.
The well-known oceanfront property originally opened its doors in 1984. Today, the location features 373 keys and officially ranks as the 28th-largest hotel in Orange County.
