Nestled in the heart of the Sunshine State, Boca Raton Resort and Club is one of the premier resort destinations in Florida. With its rich history and luxurious amenities, it’s no wonder that many people are curious about who owns it.
The Ownership History
Originally opened in 1926 by architect Addison Mizner, Boca Raton Resort and Club has changed hands several times over the years. In 1989, the resort was sold to Japanese conglomerate Seibu Group for $160 million. Seibu Group owned the resort until 2003 when it was acquired by Blackstone Group, a private equity firm.
In 2020, Blackstone Group sold Boca Raton Resort and Club to MSD Partners, an investment firm owned by Michael Dell, founder of Dell Technologies. The sale price was not disclosed but was rumored to be over $900 million.
What is MSD Partners?
MSD Partners is an investment firm that manages capital for Michael Dell and his family. The firm invests in a wide range of assets including private equity, real estate, and public securities. According to their website, MSD Partners “seeks to create long-term value for its investors by committing capital to superior investment opportunities across industries and geographies.”
The Future of Boca Raton Resort and Club
Under MSD Partners’ ownership, Boca Raton Resort and Club is poised for continued success. In a statement announcing the acquisition, MSD Partner’s CEO said “We are excited about the opportunity to work with management to build on this incredible foundation.” The resort already boasts world-class amenities including two golf courses designed by renowned course architects Jack Nicklaus and Tommy Fazio.
Conclusion
In conclusion, Boca Raton Resort and Club has a rich history of ownership changes but is currently owned by MSD Partners – an investment firm managed by Michael Dell’s family office. With its luxurious amenities and prime location, the resort is positioned for continued success under its new ownership. Whether you’re a local looking for a staycation or a traveler seeking a premier vacation destination, Boca Raton Resort and Club is sure to impress.
10 Related Question Answers Found
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The History of the Royal Palms Resort
Before we dive into who owns the Royal Palms Resort, let’s take a brief look at its history.
