The 105-room oceanfront property at 1775 Collins Ave. was sold to a joint venture between David Edelstein and Sam Nazarian.
December 24, 2012 at 12:00 AM
1 minute read
South Beach’s Raleigh Hotel has been sold for $55 million to a joint venture between David Edelstein and Sam Nazarian.
The 105-room oceanfront property at 1775 Collins Ave. was sold by Brilla Group, a Miami private equity firm focused on hotels and resorts in South Florida, the Caribbean, Mexico and Colombia.
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