• Wed. Nov 16th, 2022

Tilman J. Fertitta Closes Acquisition of Luxury Hotel Montage Laguna Beach Resort | National

ByJean A. Francis

Nov 14, 2022

Hospitality and gaming leader buys 30-acre luxury beachfront hotel in the South California

HOUSTON, November 14, 2022 /PRNewswire/ — Tilman J. Fertitta announced today that it has acquired the Assembly Laguna Beach Resort hotel overlooking the Pacific Ocean along the California littoral. Often touted as an irreplaceable hotel property, Hotel Montage Laguna Beach Resort is a Forbes Triple Five-Star award-winning hotel (one of only 6 hotels to receive such a designation in the United States) and has been included among Travel + Leisure’s Best Hotels in the World.

“I am truly thrilled to acquire this world-renowned property and add one of America’s most iconic resorts to our portfolio of luxury hotels,” said Fertitta. “I traveled to Laguna Beach for over 30 years. It’s one of my favorite places to visit and one of the most beautiful areas in the world. The Montage is a stunning beachfront property and one of the world’s leading hotel brands.”

“We are thrilled to have Tilman as the new owner of this one-of-a-kind property and welcome him to the Montage family,” said Alan Furstman, Founder, CEO and President of Montage International. Additionally, Montage Laguna Beach General Manager Mary Rogers said, “The staff is thrilled to work with Tilman. Everyone here at the property is extremely excited about their purchase and look forward to continuing to provide a world-class experience for all. our guests.

Located on a coastal bluff overlooking the Pacific Ocean, Assembly Laguna Beach offers 30 acres of beachfront luxury in the heart of the vibrant community of Laguna Beach, California. The handcrafted-style resort offers beachfront accommodations that offer guests a spirit of elevated comfort that epitomizes today’s sense of luxury. The sprawling complex encompasses all 20,000 square feet. ft Forbes Five-Star Spa Fitting; a wealth of outdoor recreation including two swimming pools and direct beach access; a collection of works of art worthy of a museum; and more than 20,000 m². ft of indoor and outdoor meeting space. Assembly Laguna Beach is proud to be designated and included in the distinctive Legend Collection of Preferred Hotels & Resorts Worldwide.

Echoing the exceptional setting, Assembly Laguna Beach elevated amenities make every getaway truly extraordinary. The 260 rooms, including 60 suites, beach bungalow-style rooms, and multi-bedroom villas, offer stunning views of the Pacific Ocean. Foodie destinations offer unique, chef-led interpretations of the coast California equal flavors by the shimmering of the Pacific. Not to be outdone, the elegant comforts of Spa Montage include eucalyptus steam rooms, redwood dry saunas, sea-air whirlpools, fireplace lounges, a state-of-the-art fitness center, a movement studio and a scenic lap pool.

Fertitta is no stranger to high quality luxury hotel properties. In 2018, he built the famous Post Oak Hotel in Uptown Houston, which quickly broke records as a from texas only Forbes Double Five-Star Hotel and Spa. Fertitta also has 14 other hotel properties across the country, including the award-winning San Luis Resort Galveston, TX, and 5 Golden Nugget casinos and hotels. Also in Fertitta’s luxury portfolio is the iconic Hunting Inn, one of the most charming and historic landmarks in the seaside village of East Hampton, New York.

In addition to its hotel portfolio, Fertitta is renowned for its high-end seafood and steakhouses around the world. California including Catch Seafood and Catch Steak, Mastro’s Ocean Club and Mastro’s Steakhouse, Morton’s The Steakhouse, Del Frisco’s Double Eagle Steakhouse, The Palm and many more. Fertitta owns and operates over 60 unique brands representing over 600 concepts nationwide.

In 2017, Fertitta bought the Houston Rockets from the NBA for a record $2.2 billion and is the sole owner of the team.

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SOURCE Fertitta Entertainment, LLC