How The Boca Raton Fared After Dropping the Waldorf Astoria Name

The Boca Raton, a 200-acre Florida resort owned by BDT & MSD Partners, removed its Waldorf Astoria flag in 2021 and rebuilt demand generation, technology, and operating expertise in-house. With roughly $450 million in renovations and about 200 added rooms, the resort shifted from group-heavy business to high-income leisure travelers, pushing average daily rate to about $980 from ~$390 pre-pandemic. Private members' club revenue grew to $92 million, 21% of total revenue.