What you need to know about the Trump International Hotel in Costa Mesa

Costa Mesa, Calif.

— — The Trump International Resort is coming back to life after the billionaire’s failed attempt to buy it.

The Trump Organization announced Monday it is going to close the property and renovate it as part of its efforts to expand its brand in the world’s fastest-growing economy.

“This is the perfect time to bring the Trump brand to new levels and bring more visitors to Costa Mesa,” the company said in a statement.

“We’re excited to begin the new chapter in our family of hotels and resorts, where the new Trump International will be a hub of activities for our guests and locals.”

Trump announced in January that he was interested in buying the property for about $750 million.

Costa Mesa was one of the sites considered.

In January, Costa Mesa officials told The Associated Press the deal would have been a no-brainer, but that Trump never came close to a deal.

The resort’s lease expires at the end of 2019, meaning it would have had to sell the property to Trump before that date.

The city has a $2.3 billion plan to build an arena and convention center and also has a request for proposals for a hotel and convention facility.

Copyright Associated Press / NBC Southern California