Laguna Beach Resort Beach Stalls Vacated
The longstanding stalemate between the Laguna Beach Resort and vendors in front of the property has been resolved.
It's understood a compromise solution has been negotiated and at present the beach front area has been vacated.
A sale of the property by Laguna Hotels and Resorts (LRH) and an affiliated company of private equity firm RECAP took place last year.
Currently closed for renovation and it's believed that an international brand will be signed to operate the upgraded property.
Expectations are that the destination resort Laguna will continue to spur new development opportunities within its massive land bank in the near future in order to realize income potential.