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...