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The Boca Raton history
The Boca Raton company history timeline
Although many of Mizner's plans for the young community were squelched by the demise of the land boom in 1926, a few survive today - and his architectural style continues to influence the city.
Our history began in 1926 with the opening of the 100-room Ritz-Carlton Cloister Inn, and with each passing year, the legend and our reverence continue.
Completed by Delray architect William Alsmeyer in 1927, Town Hall at 71 North Federal Highway still bears the original footprint of the Mizner design, and was constructed using ironwork, tile, and woodwork supplied by Mizner Industries.
1928: The Inn was purchased by Clarence Geist, a utility magnate from Philadelphia.
The work of Frank Lloyd Wright inspired the design of the 1929 luxury resort at the base of Squaw Peak.
1930: After $8 million in renovations, the Cloister Inn reopens as the exclusive Boca Raton Hotel & Club, one of the world's finest "gentlemen's clubs." Private railroad cars and yachts bring Herbert Hoover, several duPonts and others.
Geist until his death in 1938.
The facility brought thousands of servicemen as well as families and civilian employees to the tiny community of Boca Raton, with a population of 723 in 1940.
1940: During World War II, the United States Army purchases and occupies the Club to house the Air Corps Trainees.
In 1942, the Army Air Corps established its only war-time radar training school at the site of what is today's Florida Atlantic University and the Boca Raton Airport.
1946: The Club was purchased by hotel and theatre real estate magnate J. Myer Schine for three million dollars and the property was refurbished into one of the most luxurious hotels in America.
He took the paper national and renamed it the National Enquirer in 1957; it turned a profit for the first time the following year. It was bought in 1952 by Generoso Pope, Jr., the son of the late owner of the Italian-language daily Il Progresso Italo-Americano.
Under Pope’s ownership the Enquirer converted to a tabloid format in 1953.
Arthur Vining Davis, an aluminum magnate, purchased the property in 1956.
Boca Raton became a city in 1957.
He took the paper national and renamed it the National Enquirer in 1957; it turned a profit for the first time the following year.
That dream was to be the cornerstone of residential living, unequaled anywhere in Florida. It was in 1958 when Arthur Vining Davis took notice of our sleepy little town.
In the 1960’s, the advent of the Florida Turnpike, followed by Interstate-95, spawned a westward movement of both residential and commercial developments.
In 1962, Boca Raton attracted the newest state university, Florida Atlantic, to the site of the old army airbase.
1969: Arvida began a $14 million expansion program which included the 27-story Tower and the Golf Villas.
The population grew to almost 30,000 residents by 1970, continuing to increase well outside city limits to this day.
In 1971 the editorial offices moved from the New York area to Lantana, Florida.
In 1978, The Arvida Park of Commerce opened and is still considered one of the premier industrial parks in the nation.
Average weekly circulation continued to grow, reaching its peak for that decade at 5.7 million copies in 1978.
1980: The opening of the Boca Beach Club replacing the old Cabana Club, located adjacent to the Resort and Club.
Just please say the name of the city right: It's Raton as in "rah-tone," not "rattan." (The city passed an ordinance in 1982 trying to put a stop to mispronunciation.)
1983: The Boca Raton Resort & Club was sold to the Boca Raton Hotel & Club Limited Partnership with VMS Realty Corporation, a Chicago~based, real estate developer, installed as the general partner for the limited partnership.
1988: The Boca Raton Resort & Club acquires the Boca Country Club.
1993: The Florida Panthers hockey team plays first season.
1993: The Boca Raton Management Company (BRMC) is installed as the general partner for the Boca Raton Hotel & Club Limited Partnership, replacing VMS Realty Corp.
The loss was due in part to the doubling of player salaries, from a total of $10.2 million in the team's first season to $20.1 million in the 1995--96 season, but was mitigated by participation in the playoffs, which earned a $3.3-million profit.
The Broward County Commissioners approved the plan for a tax-funded arena in Sunrise in June 1996.
With revenues of $33.3 million, the company lost $11.1 million on operations in fiscal year ending September 30, 1996.
In December 1996 the company purchased two premier Fort Lauderdale hotels, the Hyatt Regency Pier 66 Resort and Marina and the Radisson Bahia Mar Beach Resort and Marina.
1996: Company is incorporated, makes its initial public offering of stock, and begins acquiring luxury hotels.
Renamed Grande Oaks Golf Club, the facility reopened in June 1999.
In February 2000 Boca Resorts introduced the Premier Club concept at the Edgewater and The Registry hotels, requiring members to pay a $45,000 initiation fee plus $2,300 in annual dues, and an additional $5,000 per year for use of tennis and golf facilities.
Boca Resorts expected to begin construction on a new luxury spa, a golf club house, and a casual restaurant in 2000.
Revenues for fiscal 2000 reached $421.5 million, garnering net income of $13.5 million.
On June 4, 2019, MSD Partners purchased the Resort & Club, and our New Golden Era is soon to begin.
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The Boca Raton competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Biltmore | 1895 | $50.0M | 2,400 | 9 |
| Nemacolin | 1987 | $20.0M | 542 | 97 |
| Four Seasons Hotels and Resorts | 1993 | $4.3B | 45,000 | 395 |
| Club Med | 1950 | $1.5B | 20,333 | 4 |
| The Plaza Hotel | 2008 | $650,000 | 10 | 6 |
| SunStream Hotels & Resorts | 1986 | $1.9M | 50 | - |
| Celebrity Cruises | 1988 | $3.1B | 3,000 | 1 |
| Grand Lake Lodge | - | $640,000 | 6 | - |
| Faz Restaurants & Catering | 1984 | $11.0M | 235 | - |
| Boston Harbor Hotel | 1987 | $880,000 | 10 | - |
The Boca Raton history FAQs
Zippia gives an in-depth look into the details of The Boca Raton, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Boca Raton. The employee data is based on information from people who have self-reported their past or current employments at The Boca Raton. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Boca Raton. The data presented on this page does not represent the view of The Boca Raton and its employees or that of Zippia.
The Boca Raton may also be known as or be related to Boca Raton Resort, Boca Raton Resort & Club, A Waldorf Astoria Resort, Boca Resorts Inc, Boca Resorts, Inc. and The Boca Raton.