March 24, 2018

Hilton Worldwide Acquires the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek


Hilton Worldwide has acquired the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek from a consortium including affiliates of GEM Realty Capital, Farallon Capital Management and Blackstone. The closing follows an announcement last week that Hilton Worldwide signed agreements to acquire the two hotels.

Opened in October 2009, the 498-room Waldorf Astoria Orlando and 1,000-room Hilton Orlando Bonnet Creek together form a 482-acre resort that is surrounded by a private nature preserve and is conveniently located on three sides by Walt Disney World®. The resort features a 3-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, including the Hilton Orlando Bonnet Creek’s award-winning La Luce® and Waldorf Astoria Orlando’s signature restaurant, Bull and Bear®.

“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,” said Christopher J. Nassetta, President and CEO, Hilton Worldwide. “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.”

“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.”

The Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek have achieved a number of firsts and extensive awards. The Waldorf Astoria Orlando was the first newly built Waldorf Astoria property since the original Waldorf was opened on the same day 82 years before. Since then, the properties have received 62 “best” awards including Conde Nest Traveler Gold List, Travel & Leisure World’s Best, US News & World Report on Travel, Trip Advisor Certificate of Excellence and Hilton’s own Connie Award.

The property’s ownership entities have worked closely together and focused on ensuring the hotel team had the tools they needed to maintain the highest standards. “Built during difficult global economic times, ownership persevered and continued the commitment to stay on course, delivering on time and on budget,” said Peter Kacheris, managing director of the resort. “They always responded to the ever-changing needs of our customers by reinvesting into the property.”

“We are gratified by this result,” said Rocky Fried, Managing Member at Farallon. “This is an excellent outcome for our investors, with credit to our patient approach and collaborative work with our partners at GEM and Blackstone as well as the management team at Hilton Worldwide.”

About Hilton Worldwide

Hilton Worldwide (HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of twelve world-class global brands is comprised of more than 4,300 managed, franchised, owned and leased hotels and timeshare properties, with more than 715,000 rooms in 94 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Visit news.hiltonworldwide.com for more information and connect with Hilton Worldwide at http://www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, http://www.flickr.com/hiltonworldwide, and www.linkedin.com/company/hilton-worldwide.

About GEM Realty Capital

Founded in 1994, GEM Realty Capital, Inc. (GEM) is a Chicago-based real estate investment company that invests in private-market real estate assets and publicly-traded real estate securities through two lines of business, GEM Realty Properties and GEM Realty Securities. GEM has approximately $4 billion of assets under management on behalf of pension plans, endowments, foundations, financial institutions and private clients. GEM is currently investing capital for its fifth discretionary private real estate fund, GEM Realty Fund V, L.P.

About Farallon Capital Management

Farallon Capital Management, L.L.C. is a global institutional asset management firm founded in 1986. Farallon manages approximately $19.5 billion for institutions, including college endowments, charitable foundations and pension plans, and for high net worth individuals. Farallon employs approximately 180 employees. Farallon is headquartered in San Francisco and has offices in London, Singapore, Hong Kong, Tokyo and Sao Paulo. Farallon is currently investing capital for Farallon Real Estate Partners, which targets income-producing office, multifamily, retail and industrial properties. More information about Farallon may be found at www.faralloncapital.com.


Lisa Cole

Hilton Worldwide

+1 305 866 3646


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Hilton Worldwide Acquires the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek

Select Chicago Marriott Hotels Offer Black Friday and Cyber Monday Deals

CHICAGO, Nov. 25, 2014 /PRNewswire/ — Take advantage of everything the Windy City has to offer and book a room or two at a discounted rate starting this Black Friday through Cyber Monday. Guests will be able to choose from a variety of Marriott hotels and explore Chicago at their leisure knowing they’ve found a discounted rate at a hotel that best suits their needs.

From Nov. 28 through Dec. 1, select Marriott hotels in downtown Chicago will be offering low rates through the 4-Day Flash Sale in Downtown Chicago promotion. Rates can be applied to stays between Dec. 19 and March 6, 2015. The following Marriott hotels will be participating with these rates:

  • The Courtyard Chicago Downtown/River North will have rates beginning at $89
  • The Residence Inn Chicago Downtown/Magnificent Mile and the Chicago Marriott Downtown Magnificent Mile will both have rates starting at $99
  • Renaissance Blackstone Chicago Hotel will have rates beginning from $104
  • Renaissance Chicago Downtown Hotel will have rates starting from $109
  • JW Marriott Chicago will have rates beginning at $139

All of Marriott’s hotels offer relaxing and well-appointed accommodations, suitable amenities tailored to every guest’s need and an array of dining options all accompanied by Marriott’s unmatched service.

About Chicago Marriott Hotels

Encounter a landmark hotel at JW Marriott Chicago and experience the renowned architecture of Daniel Burnham and his vision for a Chicago hotel in the heart of one of the world’s most exciting neighborhoods. Appreciate the sophisticated Renaissance Chicago Downtown Hotel and unwind in style at the Rejuvenation Center boasting a refreshing indoor pool and indulgent spa treatments. Enjoy the convenient location of Chicago Marriott Downtown Magnificent Mile Hotel situated amongst world-class shopping and in walking distance from top attractions, including Navy Pier and Millennium Park. Explore Chicago from one of the finest historic Chicago hotels, the Renaissance Blackstone Chicago, conveniently located next to Grant Park and the downtown Chicago Loop. Experience the comforts of home at the Residence Inn Chicago Downtown/Magnificent Mile Hotel in a suite that provides a fully equipped kitchen and spacious work area with complimentary high-speed Internet access. Last but not least, discover Courtyard Chicago Downtown/River North and explore the trendy River North area on famed Restaurant Row.

For more information, please call 1-800-228-9290 or visit www.marriott.com.

Media Contact:
Julie Mash
Marketing Manager
P: 773-944-1131

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/select-chicago-marriott-hotels-offer-black-friday-and-cyber-monday-deals-300001180.html

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Select Chicago Marriott Hotels Offer Black Friday and Cyber Monday Deals