MIAMI BEACH
The Raleigh Group, the luxury hospitality group founded by designer and entrepreneur Mr. Tommy Hilfiger, has announced the purchase of The Raleigh Hotel, Miami Beach.
"The Raleigh Hotel is a true Miami Beach treasure with sophistication and style, making it the perfect property for us," Hilfiger said. "The 1940's design of The Raleigh and its rich history are central to our plans to rejuvenate the property."
David Pisor, recently appointed CEO, has demonstrated exceptional leadership in the hospitality industry with an impressive track record, including the award-winning Elysian Hotel and Residences in Chicago, now branded Waldorf Astoria.
"The location and position of the Raleigh in the Miami Beach marketplace is perfect for our strategy," said Pisor. "We will invest significant resources to preserve the property's unique style while embracing the local flavors and culture that help define it."
The Raleigh will become the company's flagship property supporting its future growth. Formerly owned by David Edelstein and Sam Nazarian, the Miami Beach location will continue to be managed by sbe Entertainment Group.
The property offers 30,000 square feet of meeting and function space and can host up to 1,200 guests for an event.
