www.ocbj.com – Irvine-based KSL Resorts is in expansion mode as hotel occupancy crawls back up and guests seek unique luxury experiences.
The full-service hospitality company is behind Orange County’s largest-ever hotel sale: the 400-room Monarch Beach Resort which traded at the end of 2019 for almost $500 million, or $1.2 million per key.
It hasn’t been involved in any local deals since then, but it has joined the ranks of other OC-based hotel investors spending big elsewhere in the state, in Northern California.
Its most recent addition was the 449-room Silverado Resort and Spa in Napa Valley, acquired for north of $60 million in February.