The Boca Raton Resort and Club is one of the most luxurious and iconic resorts in Florida. It is a popular destination for tourists and locals alike, offering world-class amenities and an exceptional experience. But who owns this magnificent resort?
History of the Boca Raton Resort and Club
The Boca Raton Resort and Club has a rich history that dates back to 1926 when it was first opened to the public. The resort was built by architect Addison Mizner, who was known for his unique style that blended Mediterranean and Spanish influences.
Over the years, the resort has undergone numerous renovations and expansions to keep up with the changing times. Today, it boasts over 1,000 rooms, two golf courses, a private beach club, multiple restaurants, spas, and many other facilities.
The Ownership of the Boca Raton Resort and Club
The ownership of the Boca Raton Resort and Club has changed hands several times over the years. In 2009, Blackstone Group acquired the resort from Morgan Stanley Real Estate Funds for $1.25 billion.
Blackstone Group is a well-known private equity firm based in New York City. It manages assets worth over $619 billion across various industries such as real estate, private equity, credit investment, and hedge funds.
Since acquiring the resort in 2009, Blackstone Group has invested heavily in renovating and expanding its facilities. They have added new rooms, restaurants, golf courses, spas, and other amenities to enhance the guest experience.
Today, the Boca Raton Resort and Club is one of Blackstone’s flagship properties in Florida. It continues to attract millions of visitors every year who come to enjoy its luxurious offerings.
Conclusion
In conclusion, Blackstone Group currently owns the Boca Raton Resort and Club. This private equity firm has made significant investments in improving the resort’s facilities since acquiring it in 2009. The resort remains a top destination for tourists and locals who seek the ultimate luxury experience in Florida.
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