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The Raleigh Hotel in South Beach has now been sold four times in the last 10 years. The Raleigh Hotel in South Beach has now been sold four times in the last 10 years.

MIAMI—After undertaking a multi-year and multi-million-dollar gut renovation of the hotel property, Tommy Hilfiger and Turkish partner Dogus Group have sold the iconic Art Deco Raleigh Hotel on South Beach for $103 million to a partnership of Deutsche Finance America, Bilgili Holding and SHVO.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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