Hilfiger buys art deco Miami hotel
Designer Tommy Hilfiger’s luxury hospitality arm Raleigh Group has bought an art deco hotel in Miami.
The 105-room Raleigh Hotel on South Beach has been acquired for an undisclosed sum.
Hilfiger said: "The Raleigh Hotel is a true Miami Beach treasure with sophistication and style, making it the perfect property for us.
"The 1940's design of The Raleigh and its rich history are central to our plans to rejuvenate the property.”
Recenlty appointed chief executive David Pisor added: "The location and position of the Raleigh in the Miami Beach marketplace is perfect for our strategy.
"We will invest significant resources to preserve the property's unique style while embracing the local flavours and culture that help define it."
The Raleigh will become the company's flagship property supporting its future growth.
The property will continue to be managed by the sbe Entert