MIAMI—The Raleigh Group, founded by designer Tommy Hilfiger, has acquired The Raleigh Hotel on Miami Beach.
No purchase price was reported for the 105-room art deco-designed facility that was designed in 1940 by architect L. Murray Dixon. The property, which will become the flagship property for The Raleigh Group, was formerly owned by David Edelstein and Sam Nazarian and will continue to be managed by sbe Entertainment Group.
"The Raleigh Hotel is a true Miami Beach treasure with sophistication and style, making it the perfect property for us," says Hilfiger. "The 1940's design of The Raleigh and its rich history are central to our plans to rejuvenate the property. I'm really pleased with the team I've surrounded myself with and know that we will deliver a world-class experience worthy of The Raleigh brand."
"The location and position of the Raleigh in the Miami Beach marketplace is perfect for our strategy," adds Raleigh Group CEO David Pisor. "We will invest significant resources to preserve the property's unique style while embracing the local flavors and culture that help define it."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
