NAPLES, FL—An affiliate of Blackstone has sold its Waldorf Astoria Naples, a 474-room luxury hotel resort, and the 18-hole Naples Grande Golf Course. An affiliate of Northwood Investors purchased the assets.
HFF marketed the property on behalf of the seller. Northwood will continue to operate the hotel under the Waldorf Astoria brand name. Financial terms of the deal were not disclosed.
The HFF investment sales team representing the seller was led by senior managing director and head of the firm's Hotel Group, Daniel C. Peek anddirectors Max Comess and Paul Hsu. HFF senior hospitality analysts Alexandra Lalos and Cyrus Vazifdar also worked on the deal.
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