|
|
Article: Seaside hotel upgrades.(Real Estate)(Newport Beach Marriott and Ritz-Carlton Laguna Niguel)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- November 29, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Two coastal resorts are spending $100 million on big renovations amid heightened competition for Orange County's seaside hotels.
Host Marriott Corp. is spending $60 million to spruce up the Newport Beach Marriott in Fashion Island. The hotel is managed by Marriott International Inc.
Down the coast, the 20-year-old Ritz-Carlton Laguna Niguel is in the midst of a $40 million makeover. Chicago-based Strategic Hotel Capital LLC, which owns the hotel, is funding the upgrades.
The 3-year-old St. Regis Monarch Beach Resort & Spa in Dana Point has emerged as a formidable rival to the Ritz-Carlton ...