A premier Orange County oceanfront resort has traded hands for an estimated $600 million as investor appetite for luxury hospitality properties grows across the country. Denver-based private equity firm KSL Capital Partners acquired the 373-room Ritz-Carlton, Laguna Niguel at 1 Ritz-Carlton Drive in Dana Point, the Los Angeles Times reported. The estimated sale price comes from hotel broker and Atlas Hospitality president Alan Reay, who based his valuation on recent appraisals and comparable resort sales. The deal marks a substantial jump from the property’s last sale in 2016, when China-based Anbang Insurance Group acquired it for $317.2 million as part […]
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