Universal Orlando Resort is a theme park resort in Orlando, Florida. It is a joint partnership between NBC Universal and the Blackstone Group. The resort consist of two theme parks ( Universal Studios Florida and Universal’s Islands of Adventure), Universal CityWalk ( a nigh-time entertainment destination ), and three Loews hotels. It is the largest property owned by Universal Studios Theme Parks, and is also the second largets resort in Orlando after the Walt Disney World Resort. The resort began with the original Universal Studios Florida which opened on June 7, 1990. Expansion occurred in 1999, adding Islands of Adventure, Universal CityWalk, On-site hotels, and two multilevel parking structures. What was once a single theme park became a gargantuan resort destination much larger then Universal Stuidos Hollywood, as well as designated to be a head-to-head rival to Walt Disney World Resort. The resort was originally named “Universal Studios Escape”, but the name was quickly changed to Universal Orlando Resort.