Montage, Ritz-Carlton Sale Scrapped – Delayed Portfolio Deal Canceled

Montage, Ritz-Carlton Sale Scrapped DELAYED PORTFOLIO DEAL CANCELED By Katie Murar Monday, May 11, 2020 https://www.ocbj.com/news/2020/may/11/montage-ritz-carlton-sale-scrapped/ The blockbuster sale of two Orange County’s poshest resorts has been nixed, following months of delays and discord from both the buyer and seller. Korea’s Mirae Asset Financial Group said last week it is terminating its deal to buy a...

6 California resorts in limbo after Chinese deal to sell collapses

6 California resorts in limbo after Chinese deal to sell collapses China seized hotel owner Anbang two years ago The Orange County Register 05/05/20 6 California resorts in limbo after Chinese deal to sell collapses Who owns six of California’s fanciest resorts? According to numerous media reports, a $5.8 billion deal to sell 15 U.S....

Irvine Co. Rethinks Hospitality Business, Temporarily Shuts 2 Orange County Hotels

The Orange County Register 04/24/20 Irvine Co. Rethinks Hospitality Business, Temporarily Shuts 2 Orange County Hotels Hotel Irvine, Fashion Island Hotel temporarily closed. 1,076 jobs impacted. By Jonathan Lansner Irvine Co. rethinks hospitality business, temporarily shuts 2 Orange County hotels As coronavirus ravages the tourism business, the Irvine Co. will use the closure of two...