Boca Raton Resort and Club Sold to NY Group
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.