The hotel is owned by Robert Mayer Corp., an Irvine-based family-operated company.

The Hilton Waterfront Beach Resort opened in July 1990, constructed at a cost of $55 million.

[1] In February 2016, the owner announced a $140 million expansion and renovation project to add a nine-story suite-only tower, containing 151 suites, 14,000 square feet of meeting space, a restaurant, a spa, and other amenities.

The project was completed by the end of 2019 after the opening of a 8,000-square-foot spa.

[4][5] At the conclusion of renovations, the hotel was renamed The Waterfront Beach Resort.