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        	  Starwood has confirmed that The St. Regis Monarch Beach resort 
			  will continue to operate business as usual following a consensual 
			  transfer by its owner to Citi, the lender, which now owns the 
			  400-room hotel. 
			  In a statement issued on Monday, Citi affirmed 
			  that the St. Regis brand will continue to manage the hotel, "The acquisition will have no impact on the hotel, golf club 
			  or beach club, which will continue to operate at the highest 
			  standards of service seamlessly and without interruption for 
			  guests and employees." 
			  The five star, five 
			  diamond resort, The St. Regis Monarch Beach opened in 2001 and 
			  quickly established itself as one of the state's premier luxury hotels. 
			  "The St. Regis won't skip a beat 
			  in providing the bespoke signature services that have made the 
			  property one of the most exclusive resorts in North America," said 
			  Johnny So, General Manager of the St. Regis Monarch Beach Resort. 
			  "We remain committed to providing our guests with a flawless 
			  experience at every turn, and we are proud, that despite the 
			  challenging economic times, the St. Regis Monarch Beach continues 
			  to gain market share and is outperforming its competitive set." 
			  St. Regis Monarch Beach and Resort is fully operational, 
			  including its popular destination bars as well as award-winning 
			  restaurants and Spas - Club 19, Stonehill tavern, Motif 
			  Restaurant, and Spa Gaucin.   
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