Historic Hotel Laguna Lease Brokered by Aaron Valenty and Mark D. Simon
Of Berkshire Hathaway HomeServices California Properties
New lessees intend to restore and improve the downtown beachfront icon
The landmark Hotel Laguna in Laguna Beach is due for a grand makeover after the beachfront property was acquired in a ground lease brokered by Aaron Valenty and Mark D. Simon in the Corona del Mar office of Berkshire Hathaway HomeServices California Properties.
New lessees The Honarkar Family/Laguna Beach Company LLC plan a multimillion-dollar interior renovation and exterior upgrade to return the hotel’s original allure and essence. The new lease includes Cliff Village restaurant and bar; the Laguna Vistas mixed use 15-unit residential/retail property; several lots; and a parking lot.
“I am so pleased to have been a part of this historic transaction,” Aaron said. “This group of properties, and specifically the Hotel Laguna, represents many of Laguna’s most Iconic landmarks. The revitalization of this property will bring back Hotel Laguna’s original charm and luster, yet will include 21st century interior upgrades.
“I certainly will always be proud to say I played a role in making sure this historic property shines well into the 22nd century and beyond. The Hotel Laguna was one of the first hotels in town. I have heard countless people reminiscing with great fondness about vacationing there. And, of course, thousands have chosen Hotel Laguna as the site for their nuptials, as well. I can say from firsthand knowledge that Hotel Laguna is now in extremely capable hands. Under the Honarkar family’s guidance, I know that these properties will continue to be the heart and soul of Laguna Beach for generations to come.”
One of the only California beachfront hotels with a grandfathered liquor license for serving alcoholic beverages on the sand, the landmark 68-room oceanfront inn was built in 1930 in the Mission Revival style. It began in 1888 as a 14-bedroom inn by Laguna Beach pioneer Henry Goff, and was developed and expanded into the largest building in town in 1895 by Joseph Yoch, another early settler.
The hotel later became a popular destination for celebrity guests and local elite to gather and stay. It was a popular destination for Hollywood stars such as John Barrymore, Errol Flynn, Rosalind Russell, Humphrey Bogart, and Lauren Bacall, with many guestrooms named after them.
The new lessees are eager to restore and upgrade the downtown icon. “We look forward to working with our team on bringing the Hotel Laguna back to life for all to enjoy,” said Mohammad Honarkar of Laguna Beach Company LLC. “Working with Aaron, Mark, and the Commercial Division of Berkshire Hathaway HomeServices California Properties made this a smooth, seamless transaction. Their market knowledge and professionalism throughout were greatly appreciated.”
Aaron and Mark are experts in commercial and residential properties in Orange County and beyond. Contact Aaron Valenty at 949-228-4148 mobile, and email@example.com, or Mark D. Simon at 949-872-8322 mobile, and firstname.lastname@example.org.
About Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties proudly supports nearly 3,000 sales associates in close to 60 offices spanning the Central Coast to San Diego. In 2017, our expert agents assisted nearly 12,000 customers in selling or buying a home, with a total closed volume of more than $12.6 billion. Berkshire Hathaway HomeServices California Properties is a wholly owned subsidiary of HomeServices of America, Inc., and a member of HSF Affiliates, LLC. For more information, visit www.bhhscalifornia.com.