Virgin Hotels had been looking for the right redevelopment opportunity in South Beach for years, and appeared to have found it a few months ago in HFZ Capital Group’s Shore Club. An offshoot of Richard Branson’s Virgin Group, Virgin Hotels created a proposal to purchase the 309-key beachfront hotel for $235 million, The Real Deal has learned. It put together a 46-page offering document likely aimed at potential investors. The booklet included detailed financials about
source https://therealdeal.com/2020/06/19/the-breakdown-inside-virgin-hotels-330m-vision-for-south-beach-and-how-it-vanished/
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