Tilman Fertitta To Acquire Laguna Beach Hotel From ChinaDajia Insurance Group For $650M

Tilman Fertitta is under contract to purchase a hotel property located at 30801 S. Coast Highway in Laguna Beach. The hotel occupies approximately 30 acres of land. The seller of the property is ChinaDajia Insurance Group. The agreed-upon purchase price is $650,000,000 (Approx.).

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $650,000,000 (Approx.)
• Address: 30801 S. Coast Highway, Laguna Beach
• Market: Laguna Beach
• Buyer: Tilman Fertitta
• Seller: ChinaDajia Insurance Group
• Acres: 30

The property will be acquired by Tilman Fertitta, who is purchasing it from ChinaDajia Insurance Group. The transaction involves a total of 258 keys. The price per key is approximately $2,519,380.