A majority stake in the Grand Del Mar was purchased by Blum Capital and Fairmont Hotels and Resorts. The property will be renamed the Fairmont Grand Del Mar.

A majority stake in the Grand Del Mar was purchased by Blum Capital and Fairmont Hotels and Resorts. The property will be renamed the Fairmont Grand Del Mar.

Private equity firm Blum Capital and the parent of Fairmont Hotels & Resorts are acquiring a majority stake in Carmel Valley’s Grand Del Mar resort for a reported $230 million...

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