Blackstone Sells Grande Lakes Resort to Joint Venture
12.18.18
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The Firm recently represented Blackstone in connection with the sale of the Grande Lakes Orlando Resort to a newly-formed joint venture among funds managed by Trinity Real Estate Investments LLC and funds managed by Elliott Management Corporation. The 409-acre luxury complex includes two hotels – a 582-key Ritz-Carlton and a 998-key JW Marriott.
The Firm represented Blackstone in 2015 in the purchase and financing of the Grande Lakes Orlando hotels, together with the JW Marriott Desert Ridge in Phoenix, Arizona.
The Simpson Thacher team for this transaction includes Scott Kobak, Justin Vilinsky and Willimina Bromer (Real Estate); Nancy Mehlman (Tax); and Andrew Blau (ECEB).