David Edelstein and Sam Nazarian’s sbe announced the joint acquisition of the 111-room The Raleigh, located in Miami Beach, from Brilla Group, which will be used as a launchpad for the Raleigh brand.
sbe hotel group will take over management of the hotel and the partnership announced that the property will be renovated from April to November 2013, during which time the hotel will remain operational. The initial phase will include guestroom renovations, followed by the lobby and other common areas.
“The Raleigh is a hotel that is truly representative of Miami Beach,” said Edelstein. “Its rich history and overall guest experience is something that has drawn people to this property for many decades. I want to transport The Raleigh’s trademark elements and adapt them to fit within different environments.”
After the renovation, the partnership plans to open additional Raleigh hotels in other U.S. markets.