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Boca Resorts Stockholders Approve Merger Agreement

Boca Resorts, Inc. ,
an owner and operator of luxury resorts in Florida, announced today that
the stockholders of the Company voted to adopt the Agreement and Plan of
Merger among the Company and affiliates of The Blackstone Group at a
special stockholders’ meeting held today in Fort Lauderdale, Florida. The proposed merger was announced on October 20, 2004 and is expected to
close on or about December 10, 2004, pending the satisfaction or waiver of
all the conditions set forth in the merger agreement. Under the terms of
the merger agreement, Boca Resorts stockholders will be entitled to
receive $24.00 per share in cash, without interest.