Crescent Heights Sells 50% of Mondrian South Beach to Investor Michael S. Liebowitz

Mondrian Hotel South Beach | December 13, 2019

Crescent Heights, the real estate development company behind some of the nation’s most notable residential and mixed-use properties, office buildings and hotels, announced today that it has sold 50 percent of the Mondrian South Beach hotel to investor Michael S. Liebowitz for an undisclosed amount. Russell Galbut, Managing Principal of Crescent Heights, will retain 50 percent ownership of the Mondrian South Beach, and Menin Hospitality will continue to manage and operate the property. The sale will see Galbut and Liebowitz as managing members of the hotel and introduce new opportunities for the property in 2020. Together, Galbut and Lieb...