The Real Deal Miami

Hilton to buy three Florida hotels with Waldorf Astoria sale proceeds

Hotels include two Waldorf Astoria locations in Key West and one in Orlando

December 11, 2014 10:30AM

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Casa Marina Waldorf Astoria, Key West

Casa Marina Waldorf Astoria, Key West, Hilton CEO Christopher Nassetta

Hilton Worldwide Holdings is looking to buy four hotels – three of which are in Florida – from Blackstone Group and other owners.

The hotel chain, which is majority owned by Blackstone, wants to buy the properties to defer tax payments from its $1.95 billion sale of New York’s Waldorf Astoria to China’s Anbang Insurance Group, according to published reports.

The hotels include two Waldorf Astoria locations in Key West and one in Orlando, as well the Parc 55 Wyndham in San Francisco, Bloomberg News reported. The other owners of the hotels are Boston-based private equity firm Rockpoint Group, Chicago-based Gem Realty Capital and San Francisco-based hedge fund firm Farallon Capital Management, according to the website. [Bloomberg News] – Claire Moses

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