Blackstone acquisition ripe with development opportunities

11/1/2004 | MSNBC

The Blackstone Group has acquired Florida's posh Boca Raton Resorts in a $1.25 billion deal that observers say is loaded with development opportunities. The acquisition gives Blackstone the Hyatt Regency Pier Sixty-Six, Grande Oaks Golf Club in Davie, Naples Grand Golf Club, Edgewater Beach Hotel & Club and The Registry Resort & Club in Naples.

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