Two of Orlando's most popular meeting properties, the Waldorf Astoria Orlando and the Hilton Orlando Bonnet Creek, are now corporate-owned, according to Hilton Worldwide, which announced yesterday that it has acquired the properties from their previous owner, a consortium including affiliates of GEM Realty Capital, Farallon Capital Management, and Blackstone.
"These two properties are a great addition to our portfolio of owned assets and a testament to the power of strong partnerships, teamwork, vision, and devotion," Hilton Worldwide President and CEO Christopher J. Nassetta said in a statement. "The previous ownership has played a pivotal role in the success of the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek, and we will continue to build on their legacy of providing guests with outstanding experiences."
Opened in October 2009, the 498-room Waldorf Astoria Orlando and the 1,000-room Hilton Orlando Bonnet Creek together form a 482-acre resort that is surrounded by a private nature preserve and is neighbored on three sides by Walt Disney World. The resort features a three-acre Florida-style lazy river pool, Rees Jones-designed championship golf course, Waldorf Astoria Spa, fitness center, and nearly a dozen dining and lounge options.
"GEM has had a longstanding relationship with Hilton Worldwide through both GEM Realty Securities and GEM Realty Properties," said Norman Geller, senior managing partner of GEM Realty Capital. "Over more than a decade, we have worked with Hilton Worldwide's exceptional management team, and we are thrilled that Hilton Worldwide will own and continue to manage this world-class resort."