(Updates with Dajia declining to comment in fourth paragraph. In May, Dajia halted efforts to refinance a separate hotel portfolio, citing market volatility.ĭajia refinanced the Laguna Beach, Jackson Hole and Scottsdale hotels last year. Across all US hotels, revenue per available room increased 26% last week from the same period in 2019, before the pandemic, according to data from STR cited by Raymond James & Associates.Īt the same time, rising interest rates and uncertainty in capital markets could make it harder for a buyer to line up financing for a transaction. Now, Dajia is exploring a smaller transaction at a moment when lodging demand is surging in the US, especially at lavish resorts like the Laguna Beach, Jackson Hole and Scottsdale properties. That transaction, which included the three properties that Dajia may now sell, fell through in 2020 as the Covid-19 pandemic hobbled the hotel industry. In 2019, Anbang agreed to sell a group of 15 hotels to South Korea’s Mirae Asset Management Co. The properties were transferred to Dajia when the Chinese government restructured Anbang following that company’s collapse. The hotels are well-known in the lodging industry, both for their high-end locations and the recent saga surrounding their ownership. The hotels that could be sold include the Montage Laguna Beach in California and Four Seasons resorts in Jackson Hole, Wyoming, and Scottsdale, Arizona - a trio of properties that could bring in more than $1 billion, one of the people said.Ī representative for Dajia in New York declined to comment.

is exploring a sale of some of its luxury hotels, seeking to cash in on surging travel demand even as rising interest rates make financing real estate transactions more expensive.ĭajia, which took over most of the operations of China’s Anbang Insurance Group Co., is tapping advisers for a potential transaction, said people familiar with the process, who asked not to be named because the matter is private. Pet Friendly: Montage resorts welcome pets, with varying restrictions and fees.(Bloomberg) - Dajia Insurance Group Co. Spa: Montage properties have an onsite Spa Montage that features a menu of massages, facials, and other body treatments, again channeling the location’s native ingredients and scents.

Wi-Fi: Montage properties offer free Wi-Fi in rooms and public spaces, as part of the resort fee.įitness Room: Montage properties have a fitness center with exercise machines and weights, and most offer fitness classes, guided walks, or yoga classes. Montage restaurants focus on fresh regional and seasonal ingredients, and have extensive wine lists. On-Site Dining: Montage properties typically have at least one on-site restaurant and lounge. Montage Amenitiesīreakfast: Paid breakfast is available at on-site restaurants, or may be bundled into a bed-and-breakfast rate. Lodgings vary in their amenities across the brand, but typically include high-thread-count sheets, smart TVS, and deep soaking tubs.Ĭlub Floor Upgrade: Montage properties do not offer a Club Level.įun Facts: The company’s Hearts of Montage volunteer outreach program invites employees to pitch in within their communities, focusing on supporting at-risk youth, environmental stewardship, and senior care. There are Suites, with separate living spaces, and Residences, which have kitchens and up to four bedrooms. But Montage resorts typically start with rooms that are categorized by their views. Room categories: Rooms categories vary by property. Properties tend to be decorated with local art as well. You’ll find all of the perks of a big resort-spa, pools, golf, and kids clubs-as well as lovely grounds with hiking trails, bicycles, or fishing ponds.ĭesign: Each Montage property reflects the classic design or architecture of its location-like the Craftsman design in Laguna Beach, Baja-style sleek modernism in Los Cabos, or mountain-lodge vibe in Deer Valley. Think comfy couches, fireplaces, rocking chairs. What to expect: Low-key but very plush, Montage resorts exude a luxurious kind of casual comfort. Indeed, this can be your long-term vacation home. (Albeit one that pulls out the stops with views, thoughtful cuisine, and a fabulous spa.) The hotel brand has eight properties in North America that offer residence ownerships. This line of hotels launched in 2003 with a California resort modeled after a Craftsman-style beach bungalow. In a nutshell: Enjoy vacation-home ambience with all the perks of a luxury hotel. What is it like to stay at a Montage Hotel? Last Updated on Septemby Katrina Photo credit: Montage Hotels & Resorts Category: Ultra Luxury Rewards Program: I Prefer Hotel Rewards Personality: Plush, Localized, Family-friendly

Montage resorts outlook