Raleigh Hotel (Miami Beach)
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| Raleigh Hotel | |
|---|---|
 Interactive map of the Raleigh Hotel area | |
| General information | |
| Location | Miami Beach, Florida, United States |
| Opened | 1940 |
| Design and construction | |
| Other designers | Lawrence Murray Dixon |
The Raleigh Hotel in the South Beach section of Miami Beach, Florida is an art deco building designed by L. Murray Dixon. It is located at 1775 Collins Avenue. The hotel was closed in 2017 after damage from Hurricane Irma.[1] In 2019 it was purchased by a group of developers including SHVO and Deutsche Finance America.[2] In March 2022, it was announced that the hotel would be restored and operated by Rosewood Hotels, reopening in 2027[3] as Rosewood The Raleigh Miami Beach.[4] In 2025, SHVO was forced to sell The Raleigh as an onslaught of legal and financial issues, including RICO allegations, unravelled his business.[5][6] Nahla Capital, a NYC-based private equity real estate company acquired the property having delivered a successful Rosewood Residence project in Beverly Hills.
Raleigh Hotel was designed by Lawrence Murray Dixon and opened in 1940.[7] Original construction cost for the property was $225,000.[8] The first ownership change for the hotel came in 1941 when Max Marmerstein purchased a half interest in the amount of $90,000.[9] In 1946, the hotel was purchased for $1 million by a group of investors from Boston, Massachusetts.[10]
In 1979, the hotel became listed on the National Register of Historic Places as a contributing building in the Miami Beach Architectural District.[11]
The hotel was purchased by the Brilla Group in 2009 for $30 million. It was sold again in 2012 to David Edelstein and Sam Nazarian for $55 million.[12] It was the purchased by Hilfiger Hospitality in $56.5 million in 2014.[12] In 2015, Hilfiger was approved by the Miami Beach Historic Preservation Board to renovate the hotel.[13] The hotel was closed in 2017 after damage from Hurricane Irma prior to completion of the proposed renovations.[14]
The hotel was again sold in 2019 for $103 million. This time, it was purchased by a partnership of developers which included SHVO and Deutsche Finance America.[15] In March 2022, it was announced that the hotel would be restored and operated by Rosewood Hotels, reopening in 2027 as Rosewood The Raleigh Miami Beach.[16]
