has made it more famous than its stature of 300 feet (ninety-one meters) and twenty-seven floors, and it is commonly referred to as the "pink hotel". Arvida also constructed the resort's beach club in 1980, on the site that Mizner had intended the main hotel to stand on. VMS Realty, Incorporated (Van Kampen, Morris, Stone), the successors to Arvida regarding ownership, purchased the property in 1983 and renamed it in 1988 as the Boca Raton Resort & Club. In 2004, The Blackstone Group, a private investment firm, acquired the resort as part of its $1.25-billion acquisition of Boca Resorts, Inc., the publicly-traded owner and operator of five Florida resorts. In February 2009, the Beach Club finished a $150 million renovation, while the cloister and tower rooms were redesigned in 2006. MSD Partners L.P., led by Michael Dell, purchased the Boca Raton Resort & Club on June 4, 2019. The new owners, as of 2020, have made a proposal to invest $75 million for renovations to the hotel, restaurants, and amenities. As of July 12, 2021, the resort was renamed as The Boca Raton Cloister. Gallery References External links History regarding the club Real estate at the Boca Resort Hotels in Florida Resorts in Florida Golf clubs and courses in Florida Buildings and structures in Boca Raton, Florida Hotels in Palm Beach County, Florida Mediterranean Revival architecture in Florida Hotel buildings completed in 1926 Hotels established in 1926 Addison Mizner buildings Tourist attractions in Palm Beach County, Florida 1926 establishments in Florida Hotels in Boca Raton, Florida