SHVO and Rosewood Hotels & Resorts Launch Restoration of Miami Beach’s Most Storied Hotel, The Raleigh
May 4, 2022
NEW YORK (May 4th, 2022) – SHVO, the New York-based, culture-defining real estate development and investment firm, and Rosewood Hotels & Resorts®, the ultra-luxury global hospitality brand, are pleased to announce the next chapter of the iconic Miami Beach property, The Raleigh, with a highly anticipated revival and restoration. Located at 1775 Collins Avenue, the re-imagined, three-acre retreat with 220 feet of ocean frontage in the heart of Miami’s vibrant Art Deco district will feature three distinct components designed by famed architect Peter Marino: A 60 room and suite hotel managed by Rosewood, entirely restored and ele...
SHVO | September 9, 2020
Historic Preservation Board approves restoration of the historic Raleigh, South Seas and Richmond hotels as well as construction of a new 175-foot residential tower. MIAMI, Sept. 9, 2020 - Real estate owner and developer Michael Shvo has won approval from the Historic Preservation Board (HPB) of the City of Miami Beach to move forward with the three-acre master plan development of The Raleigh Hotel, together with the South Seas and the Richmond, located on Collins Avenue and 18th Street in Miami Beach. The board approved The Raleigh Master Plan to fully restore the three properties and to unify them as one site in order to operate the...
Miami’s Iconic Raleigh Hotel Purchased by Joint Venture Between Deutsche Finance America, Bilgili Holding, and SHVO
SHVO | February 25, 2019
NEW YORK, Feb. 25, 2019 -- The historic Raleigh Hotel property in Miami was purchased today by a joint venture between Deutsche Finance America, Bilgili Holding and SHVO. The partnership purchased the property for $103 million from Tommy Hilfiger and Turkish conglomerate Dogus Group, which had owned the Raleigh since 2014. The 83-room hotel is an icon of South Beach art deco, known especially for its ornate beachside swimming pool, which LIFE Magazine called "the most beautiful pool in America" in 1947. The new joint venture purchased the property in an all cash transaction in partnership with a number of Germany's largest...
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