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BOCA RATON RESORT

Boca Raton Resort and Hotel in Boca Raton, FL

Make your weekend getaway reservations today! Whether a long stay or a quick getaway, you will find relaxation, peace and comfort with one of the many guestrooms The Resort offer. They include; The Beach Club, Yacht Club, The Tower, The Cloister or one of the gorgeous Boca Bungalows! Get the lowest prices guaranteed!


BOCA RATON RESORT
RESTAURANTS

The Boca Raton Resort brings together the finest food, entertainment and indulgence that one could offer. The Resort gives sophistication and flair with their superb restaurants that are directed by some of the worlds talented chefs. Below are just a few of the fine dining restaurants located at The Restort.




Boca Raton Resort and Hotel Restaurants in Boca Raton, FL.


Boca Raton Resort and Hotel Restaurants in Boca Raton, FL.


Boca


Boca Raton Resort and Hotel Restaurants in Boca Raton, FL.

Boca Raton Resort & Club
bullish on condos and renovation

SouthFlorida.BizJournals.com

By DARCIE LUNSFORD

A four-year effort to rebrand, reposition and reinvigorate the luxury hotel empire once owned by billionaire businessman H. Wayne Huizenga has reached a new benchmark.

The Boca Raton Resort & Club, the crown jewel of LXR Luxury Resorts & Hotels, has topped off its first condo tower. This comes as the 1,047-room resort unveils the $120 million renovation of its adjacent beach club and completes a $100 million overhaul of restaurants and other common areas.

The work started shortly after New York-based Blackstone Group paid the Huizenga-controlled Boca Resorts $1.25 billion in 2004 for the resort and four other hotels. Blackstone, which controls LXR, is one of the nation’s top private equity and investment advisory firms, with $94.56 billion in assets under management. In South Florida, the deal also included the Bahia Mar Beach Resort and Hyatt Regency Pier Sixty-Six, both in Fort Lauderdale. LXR has executed a $30 million renovation at Pier Sixty-Six and is pushing ahead with getting entitlements for a large-scale redevelopment of Bahia Mar.

A little more than year later after it acquired the Huizenga hotels, it acquired the Fort Lauderdale Marina Marriott, pumping $75 million into the 579-room hotel and rebranding it Hilton Fort Lauderdale Marina. The trio of hotels along the Intracoastal Waterway north of Port Everglades gives LXR a dominant position among Fort Lauderdale hotels that offer mega yacht marinas.

“Ultimately, our job is to try to create value,” said Jamie Telchin, the newly appointed president of development at LXR, which has been based in Boca Raton since 2004. “Our vision four years ago was to go out and build residential components.” The 52-unit One Thousand Ocean, on the waterfront grounds of the 356-acre Boca Raton Resort & Club, is the first to that end. The seven-story condo building is scheduled for completion late this year. LXR has sales contracts on more than half the units, which are priced from $2.75 million to more than $15 million. The resort site has two other pads, where four super-size oceanfront residences are approved, as well as an additional 36-unit building with 18 slips on Lake Boca Raton.

Those projects are on hold until the real estate market improves, Telchin said. While the groundwork for One Thousand Ocean was laid prior to the housing crash, Telchin said he is encouraged by the pace of sales. So far, he said, most of the building’s well-heeled buyers are not looking to ditch contracts. “We have had great sales activity,” he said. “Obviously, we wish we had more units sold, but, for the way the world is, we’re happy with it.” LXR’s $137 million construction loan matures in 2011, he said.

Stephen Ast, president of the Boca Raton Resort & Club, said the massive upgrades to the existing property paired with new condo building are bolstering business and giving the resort an edge in these tough economic times. “I think you are talking about a group of amenities that brings a tremendous amount of exposure to the resort,” he said. “We are seeing a real lift MORE SouthFlorida.BizJournals.com




Get the lowest room rates at the Boca Raton Resort and Hotel in Boca Raton, FL. Purchase Hotel Rooms and Suites right here!

Make your weekend getaway reservations today! Whether a long stay or a quick getaway, you will find relaxation, peace and comfort with one of the many guestrooms The Resort offer. They include; The Beach Club, Yacht Club, The Tower, The Cloister or one of the gorgeous Boca Bungalows! Get the lowest prices guaranteed!



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