Attention Orange County Brides-Sad News
The Beautiful St. Regis Monarch Beach in Dana Point is 4 Sale!
The companies that own the resort are in default on a $70-million loan from Citigroup Global Markets Realty Group, people knowledgeable about the debt said Tuesday. Negotiations continue in an effort to avoid an auction, according to those sources. But unless something is worked out, the St. Regis will go on the block July 7, to be sold to the highest bidder, according to a “terms of public sale” document obtained by The Times.
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