Michael Dell’s MSD Partners plans major changes to Boca Raton Resort & Club

Proposal includes reducing the resort’s banquet space

Miami /
Jun.June 12, 2020 04:30 PM
Michael Dell and Boca Raton Resort & Club

Michael Dell and Boca Raton Resort & Club

MSD Partners is seeking to make major changes to the Boca Raton Resort & Club, one of the largest hotels in South Florida.

Billionaire Michael Dell’s New York-based development group plans to significantly reduce the hotel’s banquet space and instead add more space to the pool area. The plans were filed with the city of Boca Raton in May and will go before the Planning and Zoning Board on July 9.

Last year, a Fitch Ratings report revealed MSD Partners planned to invest $75 million into the 34.4-acre Boca Raton Resort & Spa. MSD Partners purchased the 1,047-room resort for $875 million from Blackstone in June 2019.

The plans would change some of the restaurants at the property at 501 East Camino Real in Boca Raton and would move the upscale Morimoto sushi restaurant to another location at the resort. The new Morimoto restaurant location will replace the existing Monkey Bar and will include a 3,550-square-foot expansion to the existing outdoor Bocce courts, according to the proposal.

The developer is also looking to demolish the resort’s Great Hall ballroom, which totals 41,900 square feet. It will be replaced by the Mizner Ballroom, a 10,000-square-foot event space for meetings, conferences and special events.

The resort also plans to add pools, a surfing simulator, slides, cafes, cabanas, a lazy river, a kid’s “splash pad” and an outdoor restaurant.

The South Florida Business Journal first reported the news.

“Despite the tear-downs, renovations and improvements made over the years, the Boca Resort… is not the global player in the luxury hotel market that it once was,” the proposal said. “Significant renovations internal to the building, improvements to the property and new world-class amenities are required to transform the property back to such a world-class resort.”


Related Articles

arrow_forward_ios
Shaul Rikman, Roni Soffer, Mati Rikman, and Moshe Wechsler with 21077 Powerline Road (Isram Realty Group, Emerald Empire, Google Maps)
Emerald Empire pays $25M for shopping center near Boca Raton
Emerald Empire pays $25M for shopping center near Boca Raton
From left: Buyers Neil Merin, Dung Lam and Jordan Paul along with 1001 Yamato Road (top) and 999 Yamato Road (bottom) (NAI/Merin Hunter Codman, Moris Moreno)
Yamato Office Center in Boca Raton trades for $46M
Yamato Office Center in Boca Raton trades for $46M
Pebb Enterprises' Ian Weiner (right) and Banyan Development's  Jason Sher with Research Park at Florida Atlantic University (Pebb, Avison Young, LinkedIn, iStock)
Pebb, Banyan pay $37.5M for Research Park at FAU in Boca Raton
Pebb, Banyan pay $37.5M for Research Park at FAU in Boca Raton
Real Estate Investment Services’ Kyle Matthews with  201 East Las Olas Boulevard (Real Estate Investment Services, Loopnet)
Lease roundup: Matthews Real Estate opens first Florida office in Fort Lauderdale
Lease roundup: Matthews Real Estate opens first Florida office in Fort Lauderdale
2950 Northwest Fifth Avenue in Boca Raton (BanyanPlace.org)
Montreal investor pays $20.5M for Palm Beach County assisted living facilities
Montreal investor pays $20.5M for Palm Beach County assisted living facilities
Butters Group's Malcolm Butters with 1751 North Military Trail (Floridatrend, Butters Group, iStock)
Butters and Konsker propose $75M Boca Raton office project
Butters and Konsker propose $75M Boca Raton office project
(L-R) Vanderbilt Office Properties CEO Casey Wold, Site Centers President and CEO David Lukes, and Macquarie Group Managing Director and CEO Shemara Wikramanayake with 1800 North Military Trail  and 5050 Town Center Circle in Boca Raton (Google Maps, Site Centers, Vanderbilt OP, Macquarie Group)
Boca Center’s offices, retail, restaurants trade for $261.5M
Boca Center’s offices, retail, restaurants trade for $261.5M
Alina Residences at 200 Southeast Mizner Boulevard in Boca Raton (Alina Residences, iStock)
Ex-owner of Festival Flea Market pays $6M for Boca Raton condo
Ex-owner of Festival Flea Market pays $6M for Boca Raton condo
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...