Newport Beach, Calif., the town renowned for yachts and mansions, is about to see its first full-service resort hotel overlooking the Pacific with the opening of the Balboa Bay Club and Resort, projected for January 2003. The 159-room property will sit on the site of the historic Balboa Bay Club, and will offer a 7,500-square-foot ballroom to accommodate 550 people, banquet-style. Eight additional function rooms, a boardroom, and a striking outdoor courtyard complete the meeting

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