11
Jan
Blackstone paid $287M for Turtle Bay Resort real estate
Blackstone Group, which is reportedly buying the Grand Wailea resort on Maui for $1.1 billion, paid $287 million for the real estate portion alone of Oahu’s Turtle Bay Resort, according to public documents.
Several entities registered by Blackstone (NYSE: BX) closed on the purchase of the 1,300-acre resort on Dec. 19 for $286.8 million, according to deeds filed with the state Bureau of Conveyances.
Blackstone reportedly paid a total of $330 million to acquire the entire resort, which includes…
Source: Arizona Business Journal
