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San Manuel Investment Arm to Buy Riverside’s Mission Inn Hotel & Spa

The deal signals the tribe’s push into high-end hotels outside gaming.

Overview

  • A purchase agreement announced Monday puts the Mission Inn on track to change hands by late May.
  • Ownership would transfer to the San Manuel Investment Authority, with the price and other terms undisclosed.
  • Tribal leaders said the inn will join their non-gaming hospitality portfolio and that the annual Festival of Lights will continue.
  • The move follows co-owner Duane Roberts’ death in November and reverses a posthumous note that said there were no active plans to sell.
  • Opened in 1876 and listed as a National Historic Landmark, the Riverside hotel is famed for Mission Revival architecture, and the buyer’s portfolio includes the Waldorf Astoria Monarch Beach.