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Mayor: arbitration ruling may return Hotel Laguna properties to owner; city reviewing implications
Summary
Mayor Alex Renaghi said an arbitration opinion affecting property owner Mohanacker and the Hotel Laguna complex was issued this week; a receiver is in control of the properties and the city attorney's office is reviewing the opinion. Renaghi said the hope is to reopen the hotel and pursue an approved historic-restoration project that was appealed.
An arbitration opinion issued this week may return several properties, including Hotel Laguna, to owner Mohanacker, Mayor Alex Renaghi said in an interview with Tom Johnson. Renaghi said he has not fully digested the opinion and that the city attorney's office is reviewing it.
"I haven't had a chance to fully digest it," Renaghi said. "I think our city attorney's office is looking into it. I know that there's a receiver who's currently, I believe, in charge of all the properties." He described the saga involving the hotel as "complicated" and "nuanced," and said his hope is to see the Hotel Laguna reopened.
Renaghi referenced a previously approved restoration project that had reached the California Coastal Commission after an appeal. He said the desirable outcome would be for a developer or owner to bring forward a restoration plan, secure the necessary entitlements and move the project through the required review processes so the hotel can reopen to benefit the town.
The interview did not include details of the arbitration opinion's written order, any specific court filings, the receiver's identity, timelines for transfer of control, or whether appeals are expected. Renaghi said staff will review the opinion and that residents and officials will be watching for next steps. There was no formal city action reported during the conversation.
