Los Angeles developer Rick Caruso unveiled the look and design of his new Miramar Beach hotel this Tuesday, and he announced it will be managed by Rosewood Hotels & Resorts, a high-end management company similar to the Four Seasons. The luxury Montecito resort — to be called the Rosewood Miramar Beach Montecito — is scheduled to open in 2018.
The oceanfront property has sat vacant since it closed 15 years ago, and Caruso was the third owner to try and revive the storied vacation spot. He secured the necessary approvals this April.
The Rosewood Miramar Beach Montecito will span across nearly 16 acres, feature 170 rooms (122 guestrooms and 48 suites) and 436 parking spots. It will hold restaurants, two swimming pools, a spa, fitness center, beach club, bar, small theater, 12,000-square-foot event space, and a 6,000-square-foot ballroom.
“Rosewood Miramar Beach Montecito will be a perfect illustration of Rosewood’s philosophy of A Sense of Place,” said Rosewood Hotel Group CEO Sonia Cheng in a prepared statement. “The resort will combine a relaxed California atmosphere with intuitive service and a picturesque, beachfront setting. We look forward to working closely with Caruso Affiliated, a best-in-class developer, to bring this long-awaited resort to life.”
Hong Kong-based Rosewood operates 11 luxury hotels and seven resorts across 11 countries, with 11 more contracts in the works. From 2006-2011, the company managed the San Ysidro Ranch.
The $185 million Miramar project is Caruso’s first hotel venture. He built the Grove shopping center in Los Angeles, Americana at Brand in Glendale, as well as a number of condominiums and luxury apartments.