The Buena Vista Palace Resort & Spa was rebranded and renamed as the Wyndham Palace Resort & Spa in November 1998 (the hotel's owners, who had acquired the hotel a year earlier, had purchased Wyndham earlier in the year). In 2005, the Blackstone Group acquired Wyndham and announced plans to launch a new brand LXR Luxury Resorts. LXR Luxury Resorts would consist of 21 premium properties wholly owned by the Blackstone Group, including the former Wyndham Palace which reverted to its original name in 2006.