Opportunity to acquire a distressed historic hotel and club located in a prestigious California community.  Current owner recently completed over $90M in renovations.  Value add opportunity to develop land entitled for 44 branded condos.  Property features include:  

~300 luxury guest rooms
Two F&B outlets with 275+ seats
Over 20,000 sf of meeting space
25,000 sf Clubhouse with tennis courts and three outdoor pools
Kids' Club
Large wellness spa with over 25 treatment rooms
Fitness center offering group classes and events