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Who owns the Boca Raton Resort and Club?
MSD Capital
Originally opened in 1926 as the Ritz-Carlton Cloister Inn, The Boca Raton is currently owned by MSD Capital. The 200-acre resort includes notable amenities like a half-mile private beach, an 18-hole golf course, a 32-slip marina and 16 tennis courts.
Who purchased the Boca Resort?
He has capital, too: For an undisclosed sum in mid-2019, the Boca Raton Resort and Club was sold from an affiliate of Blackstone Inc to billionaire technology magnate Michael Dell, whose real estate company MSD Holdings LLC has been quietly investing in high-end resorts around the U.S. since 2004.
How much did the Boca Resort sell for?
Boca Raton Resort & Club resort bought by Dell company for $462 million. Palm Beach County’s iconic Boca Raton Resort & Club has been sold for nearly a half-billion dollars. BOCA RATON, Fla. (AP) — A landmark resort in South Florida has been purchased by a New York company affiliated with computer-maker Michael Dell.
How much does it cost to be a member at the Boca Beach Club?
In its latest offering, The Boca Resort is charging a membership fee of $45,000. Social dues for the membership year of October through September are $6,375 for a family or $6,075 for an individual.
Is Boca Raton a rich city?
A rich area, known for its affluence and wealth, living in Boca Raton is similar to living in Miami but without the large crowds. Less expensive than West Palm Beach, Boca Raton is famous for its high-end country clubs and safe gated communities.
Does Boca Raton mean rat mouth?
The city’s name comes from boca de ratones, a Spanish term meaning “rat’s mouth” that appeared on early maps and referred to hidden sharp-pointed rocks that gnawed or fretted ships’ cables.
What hotel does Michael Dell own?
MSD Partners is under the umbrella of MSD Capital, a private investment firm created to manage the assets of the Dell Technologies founder and his family’s assets. The company also owns the Four Seasons Resorts Maui at Wailea, Four Seasons Resort Hualalai, and the Fairmont Miramar hotel in Santa Monica.
How much is Delray Beach Club?
Annual membership fees include an initiation fee of $30,000 and annual dues of $16,200 if you are 46 years old or older. Associate pricing, which is half off, is offered when the oldest family member is 45 years of age or younger.
Is Boca Raton a rich area?
Who is the owner of the Boca Raton Resort?
The ownership group, together, manages the resort and club. MSD didn’t pay nearly $1 billion, according to news reports, just for the historic property. The company also bought the Premier Club membership. O’Connor said it numbers about 4,000, which amounts to roughly 10,000 people.
How old is the Boca resort in Florida?
Upgrading, moving and expanding the resort’s food and beverage offerings. The resort has 13 restaurants and bars and expects to have more when Phase 1 is complete. The community cherishes the 94-year-old resort. It’s the property that inspires descriptions of the Boca Resort as “Mizneresque.”
When to expect changes at Boca Raton Resort?
Members and guests will start to see changes to the beach club and some restaurants between December and March. Obviously, it will take an extremely talented person to oversee this “New Golden Area.” O’Connor and McLean said the resort is close to naming a general manager after a national search.
How many restaurants are there at Boca resort?
The resort has 13 restaurants and bars and expects to have more when Phase 1 is complete. The community cherishes the 94-year-old resort. It’s the property that inspires descriptions of the Boca Resort as “Mizneresque.” The plans will create excitement but likely invite scrutiny.