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DANA POINT, CALIF. — Seattle-based Washington Holdings has acquired the 400-room St. Regis Monarch Beach Resort, located in the Orange County coastal community of Dana Point, from an affiliate of Citigroup. California's only Forbes Five-Star and AAA Five Diamond resort, the oceanfront hotel includes an 18-hole Robert Trent Jones Jr.-designed championship golf course, 65,000 square feet of indoor and outdoor meeting space and the 30,000-square-foot Spa Gaucin. The resort is managed by Starwood Hotels & Resorts Worldwide. Washington Holdings purchased Citigroup's remaining equity interest in the St. Regis Monarch Beach Resort, which opened in 2001.