Tommy Hilfiger Buys Raleigh Hotel for $56 Million

, Daily Business Review


Fashion executive Tommy Hilfiger's company is paying $56 million for Miami Beach's Raleigh Hotel and adjacent parking.

What's being said

  • Yep, you are way off. The price was much higher, this is the allocation to real property and not the purchase price.

  • better go sell more clothes

  • price is closer to $80MM, he assumed the debt that Brilla Group & Edelstein put on the property

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