Sale of Raleigh Hotel to Tommy Hilfiger
David Edelstein
Represented David Edelstein, developer and owner of the W South Beach, in the sale of the iconic Raleigh Hotel in South Beach to clothing designer Tommy Hilfiger, who plans to turn it into an exclusive private club and hotel, following a “transformational renovation.” The Miami Herald noted that this sale demonstrates “how important the region has become to hotel investors,” with investment in the Miami luxury market exploding. Olshan has been involved in a number of high-profile representations in the South Florida hotel and luxury commercial market.