Balboa Bay Club and Resort:
Since its founding in 1948, the Balboa Bay Club has defined Newport
Beach’s style of casual elegance. Relaxing near the water, members and
guests can enjoy charter sailing excursions that depart from the docks
only steps from their rooms. Besides all the luxuries of a full resort
and club, the Back Bay Resort also features the Terrace Apartments,
with bay-front views, luxury amenities and private beach, pool,
members-only fine dining and fitness facilities. A special 100-day club
promotion was launched this summer to show locals that membership does,
indeed, have its privileges.
The Ritz-Carlton, Laguna Niguel: The Ritz-Carlton, a landmark Orange County resort continued to do what it does best. Its
trademark service model is internationally renowned, and its location
is ideal. Situated on a prime stretch of coast, it features six dining
venues, including Eno, an upscale wine tasting room with more than 300
labels, along with delicious artisan cheeses and chocolates. Restaurant
162’ offers breathtaking ocean views and a menu rich in fresh fish and
seafood. Guests will also enjoy the resort’s fully appointed spa,
world-class surfing just steps outside the hotel and several nearby
golf clubs.
WORST >
Real Estate Web site globest.com reported that California opened a
record number of new hotel rooms in 2008 – more than 10,200 – either
through new hotel openings or renovations of existing resorts. This
large number of vacancies adds to the glut of available lodging
currently on the market, creating a bigger vacuum for demand.
>
After no bidders came forward for the foreclosure auction, ownership of
the St. Regis Monarch Beach reverted to Citigroup through an agreement
between the bank and the previous owners. It continues to operate as a
Starwood hotel. stregismb.com
>
According to a report by the Atlas Hospitality Group, the number of
hotels in default or foreclosure in Southern California rose to 140 in
September.