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SHVO Secures $190M Loan for The Raleigh Hotel & Residences, Miami Beach
SHVO has secured $190 million in new financing for Miami Beach’s The Raleigh Hotel & Residences. The loan was provided by BH3 Debt Opportunity Fund II, L.P. led by BH3 Management, and facilitated by Walker & Dunlop’s New York Capital Markets team.
With a total investment of approximately $1 billion, including an equity contribution of over $300 million, the restoration and expansion of The Raleigh by SHVO – in partnership with Deutsche Finance America and a group of German institutional pension funds – represents one of the single largest investments in Miami Beach.
Located on 1775 Collins Avenue on a three-acre oceanfront parcel, The Raleigh will redefine Miami Beach’s historic Art Deco district. The design by architect Peter Marino in collaboration with Kobi Karp Architecture will feature a 60-suite full-service hotel managed by Rosewood Hotels & Resorts, a 17-story oceanfront tower with 42 Rosewood-branded residences, and a private member’s club with Michelin-starred dining concepts.
- ◦Financing
