Blackstone Sells South Fla. Waldorf Astoria To Northwood

Law360, New York (October 7, 2013, 6:50 PM EDT) -- Citing an up-and-coming market for Florida oceanfront resorts, commercial real estate provider HFF Inc. announced Monday that private equity giant The Blackstone Group LP has sold its 474-room luxury Waldorf Astoria hotel in Naples to Northwood Investors.

HFF marketed the luxury resort — along with an accompanying 18-hole golf course — on behalf of an unnamed Blackstone affiliate, according to the company's release. Northwood, a privately held real estate investment adviser, will continue to operate the beachside hotel with a Waldorf Astoria brand affiliation, the release...
To view the full article, register now.