https://www.siliconvalley.com/2020/05/11/who-owns-6-california-luxury-resorts-judge-grants-chinese-seller-a-trial-date/

You know there’s trouble in the tourism business when nobody seems to want to own a luxury hotel.

The Chinese government is trying to unload 15 U.S. luxury resorts – including six in California – after seizing a failed insurance company two years ago. Korean real estate investors last September were willing to pay $5.8 billion for the resort collection that includes Montage Laguna Beach, Ritz-Carlton Laguna Niguel in Dana Point, Loews Santa Monica, Ritz-Carlton Half Moon Bay, Four Seasons Hotel in East Palo Alto and Westin St. Francis in San Francisco.