New York developer Michael Shvo and his partners Bilgili Holdings and Deutsche Finance America closed on two South Beach hotels neighboring the Raleigh Hotel. After buying the Raleigh property for $103 million in February from Tommy Hilfiger and the Dogus Group, the Shvo group revealed the closing prices for the two adjacent properties. The group paid $87.85 million for the Richmond Hotel, at 1757 Collins Avenue, and $52 million for the South Seas at 1751 […]
source https://therealdeal.com/miami/2019/08/05/heres-how-much-michael-shvo-and-partners-paid-for-their-south-beach-hotels/#new_tab
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