San Manuel Band of Mission Indians
San Manuel Band of Mission Indians Acquires Ownership Interest in Waldorf Astoria Monarch Beach Resort & Club
San Manuel Band of Mission Indians | June 6, 2023
San Manuel Indian Reservation Near Highland, CA (June 6, 2023) - The San Manuel Band of Mission Indians (“SMBMI” or “San Manuel” or “Tribe”) today announced that the San Manuel Investment Authority (“SMIA”) through its affiliated entities acquired an ownership interest in the newly renovated Waldorf Astoria Monarch Beach Resort & Club (“Waldorf Astoria Monarch Beach” or “Waldorf Astoria”) in Dana Point, Calif. One of Southern California’s iconic luxury resort destinations, Waldorf Astoria Monarch Beach will be the Tribe’s latest addition to its expanding resort portfolio. “Investing in a luxury destinati...
Red Rock Resorts to Sell Palms Casino Resort for $650 Million
May 4, 2021
LAS VEGAS - May 4, 2021 - Red Rock Resorts, Inc. ("Red Rock" or the "Company") today announced a definitive agreement between its subsidiary Station Casinos LLC and a subsidiary of the San Manuel Band of Mission Indians ("San Manuel") to sell the Palms Casinos Resort for $650 million in cash, subject to customary adjustments. The transaction is subject to regulatory approvals and other customary closing conditions. Milbank LLP represented Red Rock and Deutsche Bank Securities Inc. is acting as financial advisor to Red Rock on the transaction. Latham & Watkins LLP represented San Manuel and Jefferies LLC is acting as financ...
