Monday, March 2, 2015
Hilton Worldwide, parent company of Hilton Grand Vacations Club, has acquired the Waldorf Astoria Orlando. The hospitality group purchased the resort from the current development association: Blackstone, GEM Realty Capital, and Farallon Capital Management.Within this deal, Hilton also acquired full ownership of the Hilton Bonnet Creek timeshare resort in Orlando.
The two resorts form a 482-acre compound adjacent to Walt Disney World®. The Waldorf Astoria Orlando and Hilton Bonnet Creek resorts both opened in 2009 and have become popular destinations for families, business travelers, and general vacationers. [Read more...]