BOCA RATON, Fla. – Dec. 13 – Boca Resorts, Inc. (NYSE:RST) has announced that it has completed its merger with an affiliate of The Blackstone Group.

Under the terms of the merger agreement, the Company’s stockholders will be entitled to receive $24.00 per share in cash, without interest.

Boca Resorts, Inc. is the owner and operator of five distinctive destination resorts located in Florida with hotels, conference facilities, golf courses, spas, marinas and private clubs.

The Blackstone Group, a private investment firm with offices in New York, Boston, Atlanta, London and Hamburg, was founded in 1985. Blackstone’s Real Estate Group has raised five funds, representing over $6 billion in total equity, and has a long track record of investing in hotels and other commercial properties.

Source: Boca Resorts, Inc.