Hotel Laguna in California, which has been closed since the end of 2017, is to given new life after being taken over by a new owner with bold ambitions.
The site was acquired by local businessman Mo Honarkar, whose real estate firm Laguna Beach Co signed a 99-year lease agreement in January to take ownership of the 64-bedroom property.
It was previously operated by Andersen Hotels Inc. until its lease ran out in 2017.
Laguna Beach investor Honarkar has big ambitions to restore Hotel Laguna to its ‘grandeur’ knowing the site ‘means a lot to the community’.
He has also reportedly laid plans for a pool and rooftop bar.
It is unknown when the new hotel will open to the public following an extensive restoration.
The hotel, first built in the 1880s, was demolished in 1928 because of fire concerns. A more modern establishment was dedicated in 1930.