The 1,047 room resort sold to MSD Partners
The premier resort and club in Boca Raton has sold for an undisclosed amount.
The sprawling 300+ acre facility was targeted and acquired by the New York group due to their appetite to get a stronger foothold on what they see as a very strong and growing South Florida market.
Coburn Packard, a partner at MSD Partners, L.P. and co-head of MSD’s real estate group, said, “Boca Raton Resort & Club is irreplaceable real estate in a rapidly growing South Florida market. In each of MSD’s real estate investments, we maintain the mindset of a long-term steward, and we look forward to further enhancing the member and guest experience at what already is regarded to be a top-tier resort property.”
The property will remain managed by Hilton under the Waldorf Astoria brand.
Click here for the full article in South Florida Business Journal.