Raoul Thomas, CEO of CGI Merchant Group. Courtesy photo
CGI Merchant Group, the owner of the hotel at 1100 Biscayne Blvd., secured a $57 million loan to push forward with the brand switch and refinance existing debt.
April 23, 2019 at 02:17 PM
1 minute read
South Florida real estate reporter
The ME by Meliá hotel in downtown Miami has been replaced by the Hilton-branded Gabriel with help from a $57 million bridge loan.
“We wanted to move toward a more competitive U.S. brand, and the biggest in the world are the Hilton and Marriott. Hilton just made the most sense,” said Raoul Thomas, CEO and founder of the company that owns the commercial space at the Marquis tower.
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