The Real Deal Miami

Blackstone’s Boca Raton Resort & Club hits the market

The listing price has yet to be announced

November 04, 2014 03:00PM

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The Boca Raton Resort & Club

The Boca Raton Resort & Club

The famed Boca Raton Resort & Club is back on the market for the second time in 10 years.

Blackstone Group, which owns the historic resort that is being marketed as a Waldorf Astoria property, has yet to announce a list price, according to Gossip Extra. Blackstone picked up the property in a $1.25 billion deal that also included Bahia Mar and Pier 66 in Lauderdale as well as two resorts in Naples.

Rumors of a possible sale had been circulating for months, but they were confirmed last night it when this email from resort president Rick Hayduk went out:

“Dear Premier Members,

In the long and illustrious history of the Boca Raton Resort & Club, a precious few have had the rare opportunity to be the stewards of this iconic institution. I am writing to make you aware that the current owners have decided to market the property for sale. They believe this is the perfect juncture for new ownership because of the strength and stability of the Resort & Club. This will allow its next owners to think and dream big, envisioning new heights and goals for which to strive.

You can rest assured the new owner will be obligated to assume and satisfy all of the existing operating obligations of The Club and I fully expect a seamless transition as it pertains to your continued use and enjoyment.

Over the course of the coming days this news will become available to the general public. As a courtesy to Premier Club members, you are learning of this information first. I will continue to keep you informed of developments as warranted. In the meantime, know that the team’s focus is solely on providing you excellent service and building on the Resort & Club’s culture of continuous improvement.

Rick Hayduk” [Gossip Extra]Christopher Cameron

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