Rosewood Hotels to brand Michael Shvo’s Raleigh development in Miami Beach

Rosewood Hotels & Resorts will brand Michael Shvo’s Raleigh development in Miami Beach. www.therealdeal.com
From left: Sonia Cheng, CEO at Rosewood Hotel Group; Peter Marino, principal of Peter Marino Architect; Michael Shvo, founder, chairman, and CEO of SHVO; a rendering of the Raleigh development in Miami Beach (LinkedIn/Sonia Cheng, Getty Images, SHVO, iStock) via www.therealdeal.com

Shvo-led partnership paid $243M for the three hotels in 2019

Rosewood Hotels & Resorts will brand Michael Shvo’s Raleigh development in Miami Beach. The brand announcement marks a milestone for the project planned for 1751, 1757, and 1775 Collins Avenue, which has been in the works for years. Rosewood will manage the 60-key oceanfront hotel and brand the 17-story, 44-unit condo tower that Shvo plans to build, according to a press release.

Cheval Blanc, a luxury hotel group owned by LVMH Moët Hennessy Louis Vuitton, was expected to brand the hotel, but that deal fell through, sources told The Real Deal.

In addition to the new 175-foot tower, Shvo plans to restore the Raleigh, South Seas, and Richmond hotels. New York architect Peter Marino designed the plans along with Kobi Karp Architecture & Interior Design. In March, the Miami Beach Historic Preservation Board approved changes that allow for a deeper underground garage.

Rosewood Hotels & Resorts will brand Michael Shvo’s Raleigh development in Miami Beach. www.therealdeal.com
The Raleigh – Miami Beach (Courtesy of DBOX) via www.therealdeal.com

The historic Raleigh, built in the 1940s by Miami architect Lawrence Murray Dixon, is known for its iconic pool that was built for actress Esther Williams, as well as other Art Deco designs. The hotel closed in 2017 because of damage from Hurricane Irma. The waterfront property has been a vacant shell of a building for years.

The restoration of the Raleigh will include the Martini Bar and Tiger Room, and the overall project is expected to have a private member’s club with beachfront dining, according to the release.

By Katherine Kallergis and Keith Larsen for www.therealdeal.com
Read the full story at: www.therealdeal.com

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