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 Jean-Jacques Pergant Named President of Blackstone
Affiliate Responsible for Operations of the Boca Raton
Resort & Club; Josephe Berger Will Oversee
Resorts Naples and Fort Lauderdale

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BOCA RATON, Fla - Dec. 17, 2004 -- On December 10, 2004, an affiliate of The Blackstone Group completed its acquisition of Boca Resorts, Inc. (BRI). BRI is the owner of five distinctive destination resorts located in Florida, including the Boca Raton Resort & Club in Boca Raton; The Registry Resort & Club, Edgewater Beach Hotel & Club and Naples Grande Golf Club in Naples; and Hyatt Pier 66, the Bahia Mar Beach Resort and Grande Oaks Golf Club in Fort Lauderdale.

The Blackstone Group, a private investment firm, has a history of significantly reinvesting in their assets and dramatically improving services and facilities. The same is expected for BRI. Enhancements will include renovation of the Boca Beach Club and refurbishment of the Boca Raton Resort & Club lobby, fine dining restaurant and golf villas. The Resort & Club's sister properties will also see a variety of enhancements. Renovation concepts are currently under review.

Blackstone officials have announced a new management group, WHM LLC (WHM), that will oversee operation of BRI. 

Jean-Jacques Pergant, a president of WHM, will be responsible for all operations of the Boca Raton Resort & Club, effective immediately. Pergant comes most recently from The Savoy Group in London, where he worked for 10 years and was senior vice president overseeing operations of the entire company. Previously, he worked with RockResorts based in the United Kingdom and served as managing director for Hanbury Manor. His career also includes 17 years with Four Seasons Hotels and Resorts.

Pergant comes to the resort following the departure of David Feder, former president and chief operating officer for BRI. Feder had been with BRI for 17 years in various positions and Blackstone officials credit him with elevating the company to its current level of success.

Josephe Berger, a president of WHM, will be responsible for the oversight of the operation of the resorts and clubs in Naples and Fort Lauderdale, including Hyatt Pier 66, the Bahia Mar Beach Resort and Grande Oaks Golf Club in Fort Lauderdale and The Registry Resort & Club, Edgewater Beach Hotel & Club and Naples Grande Golf Club in Naples, effective this January. Berger comes most recently from the Westin St. Francis Hotel in San Francisco, California, where he served as general manager for five years. Previously, he was area managing director for Westin Hotels in the northeast and prior to joining Westin he served as general manager of the historic William Penn Hotel in Pittsburgh, Pennsylvania.

About the Blackstone Group
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. In addition to Real Estate, The Blackstone Group's core businesses include Private Equity, Corporate Debt Investing, Marketable Alternative Asset Management, Mergers and Acquisitions Advisory and Restructuring and Reorganization Advisory. The Blackstone Group can be accessed on the Internet at http://www.Blackstone.com.


 
Contact:
The Blackstone Group
http://www.Blackstone.com
Also See: The Blackstone Group to Acquire Boca Resorts in Deal Valued at $1.25 billion, including Debt / October 2004
David S. Feder Named President of Boca Resorts, Inc. / Jan 2002
John F. “Jack” Kennedy Named General Manager for Hyatt Regency Pier Sixty-Six Resort and Spa / October 2003


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