8/14/2023 0 Comments Montage hotel laguna beach manager![]() Fuerstman eventually joined Marriott’s management training program and worked his way up to managing The Phoenician, an upscale resort in Scottsdale, Arizona. Following graduation from high school, he was promoted to bellman and, one quiet night, caught the attention of new General Manager Robert Small, who was impressed with his enthusiasm and knowledge.ĭuring college vacations, young Fuerstman continued to work for and play tennis with Small, who became his friend and mentor. In honor of the resort’s anniversary, Fuerstman received a special proclamation at a Laguna Beach City Council meeting in February, recognizing his vision and Montage’s 20 years of service, providing jobs and contributing to the local economy, supporting Laguna businesses and providing “exceptional hospitality, gracious service and unforgettable memories along the coast” for locals and visitors alike.īorn and raised in New Jersey, Fuerstman snagged his first job in the hospitality industry as a 17-year-old high school student-a part-time doorman at the local Marriott earning $1.30 an hour. “When I first set foot on the property here, I knew it was just such an incredible location and destination and would serve as the ideal platform to launch a luxury hotel brand,” Fuerstman says. Alan Fuerstman, founder, chairman and CEO of Montage International Reflecting the heritage of plein air painting and other creative pursuits in Laguna Beach, “montage” seemed to be the ideal name, something that sounded good on the tongue, for the new resort when it was chosen in 2003 by founder Alan Fuerstman, who now serves as chairman and CEO of Montage International. By Julia ClerkĪ spectacular bluff-top property that takes full advantage of its ocean views and that fully embraces the Southern California coastal lifestyle, the Montage Laguna Beach resort celebrated its 20th anniversary in February. Strategic funded the acquisition, in part, through the issuance of 7,347,539 shares of common stock to an affiliated designee of the seller, priced at $13.61 per share, or an implied valuation of $100m.Montage Laguna Beach, the flagship property of Montage Hotels & Resorts, which marks its 20th anniversary this year The luxury resort company’s flagship Laguna Beach property turns 20. Montage Laguna Beach has a trailing 12 month RevPAR penetration index of 185 times and a 2015 budgeted ADR of nearly $600 and Total RevPAR over $1,000. Montage Hotels & Resorts founder and chief executive officer Alan Fuerstman said: "We are excited to be working with Strategic Hotels & Resorts, who, as one of the leading luxury hotel owners in our business, share our ongoing commitment to the outstanding hospitality established at Montage Laguna Beach over many years." ![]() "The Southern California market generally, and the coastal Orange County market specifically, have been among the highest rated markets in the country and are poised to continue their strong growth given the diverse set of demand drivers and no competitive supply in the current pipeline as the result of extremely high barriers to entry." Strategic Hotels & Resorts chairman and chief executive officer Raymond ‘Rip’ Gellein said: "The acquisition is consistent with our strategy of expanding our best-in-class portfolio of irreplaceable and world-class luxury hotels located in North America. ![]() "The acquisition is consistent with our strategy of expanding our best-in-class portfolio of irreplaceable and world-class luxury hotels located in North America."
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