{"id":243050,"date":"2022-11-14T16:48:41","date_gmt":"2022-11-14T22:48:41","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=243050"},"modified":"2022-11-14T19:15:53","modified_gmt":"2022-11-15T01:15:53","slug":"tilman-fertitta-adds-californias-most-expensive-hotel-to-his-monopoly-board","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/tilman-fertitta-adds-californias-most-expensive-hotel-to-his-monopoly-board\/","title":{"rendered":"Tilman Fertitta Adds California’s Most Expensive Hotel to His Monopoly Board"},"content":{"rendered":"
Even with construction on his new Las Vegas Strip resort moving forward<\/a> \u2013 and a speculated takeover bid of Wynn Resorts<\/a> in the works \u2013 billionaire Tilman Fertitta still had $650 million lying around to buy the most expensive Southern California hotel ever sold.<\/p>\n On Monday, Fertitta announced via a news release that the Montage Laguna Beach \u2013 which sits on 30 oceanfront Southern California acres \u2013 is now his. The Orange County Business Journal <\/em>reports that Fertitta paid $650 million to China-based Dajia Insurance Group for the property. This ties the record high price per hotel room in California ($2.5 million) set last year by the sale of the Alila Ventana Inn & Spa in Big Sur.<\/p>\n