Investors buy Naples Waldorf hotel

NAPLES — New York City based Northwood Investors acquired the 474-room Waldorf Astoria Naples and the Naples Grade Golf Course from investment firm Blackstone. Terms of the deal were not disclosed.

  Originally known as the Registry Resort, Blackstone acquired the property as part of its 2004 acquisition of Wayne Huizenga's Boca Resorts, which also included the Boca Raton Resort and the Edgewater Beach Resort, among other assets.

“The market for Florida oceanfront resorts is not only back, it's thriving at a level that we have not seen since 2006 or 2007,” says senior managing director and head of HFF's hotel group, Daniel Peek, who managed the sale on behalf of Blackstone.