Raleigh Hotel Miami Beach Sold to Tommy Hilfiger
April 18, 2014 - The Raleigh Group, the luxury hospitality group founded by designer and entrepreneur Mr. Tommy Hilfiger, iannounced 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," said Mr. Hilfiger. "The 1940's design of The Raleigh and its rich history are central to our plans to rejuvenate the property. I'm really pleased with the team I've surrounded myself with and know that we will deliver a world-class experience worthy of The Raleigh brand."
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 David 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 our future growth. Formerly owned by David Edelstein and Sam Nazarian, the Miami Beach location will continue to be managed by sbe Entertainment Group.
About The Raleigh Group
The Raleigh Group is the venture formed by designer and entrepreneur Mr. Tommy Hilfiger. The team at The Raleigh Group, led by CEO David Pisor, is developing a luxury lifestyle hospitality brand that brings to life Mr. Hilfiger's passion for design, architecture and authentic, casual luxury. Mongeau Capital, the private equity arm of the Mongeau family, has joined Mr. Hilfiger to support the development of The Raleigh Group into a premier luxury lifestyle brand in the hospitality industry. The Mongeau family owns the Avington Group, which is internationally recognized as the leading specialized merchant bank focused on the luxury hospitality and real estate sectors. The company has helped develop and implement the strategies of numerous groups now recognized as global leaders in the luxury hospitality industry.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
