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.

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