Iconic Miami Beach Hotel Restored, Versace Mansion Owners Buy Boutique Hotel

The Raleigh, home to Miami’s most iconic swimming pool, is back after restoration and revival of the property. 

New York-based real estate development and investment firm SHVO and Rosewood Hotels & Resorts, a global luxury hospitality brand, announced the hotel’s new developments.

“As the steward of Miami’s most iconic property, The Raleigh, I am thrilled to partner with the preeminent luxury hotel brand, Rosewood Hotels & Resorts, and world-renowned architect Peter Marino to reimagine and secure the rich legacy of The Raleigh, creating a new, unparalleled hospitality experience in Miami Beach,” said Michael Shvo, chairman and CEO of SHVO in a press release.

The 3-acre, oceanfront retreat in the heart of Miami’s Art Deco district will preserve and restore the spirit of The Raleigh, with three distinct components: a 60-suite hotel, 17-story tower with 44 residences, and a private member’s club. (Credit: DBOX for SHVO)

The hotel, which was built in the 1940s, is located at 1775 Collins Ave. The restoration includes a 60-room hotel managed by Rosewood and designed by Marino. It will also offer a private member’s club with beachfront dining and activities. 

“Keeping The Raleigh’s distinct Miami history in mind, The Raleigh’s famed gathering places, the Martini Bar and Tiger Room, will be restored and reborn with an eye for both Miami’s historic Art Deco elegance and its modern roots,” said Sonia Cheng, chief executive officer of Rosewood Hotel Group in a press release. “At Rosewood, we are committed to preserving historical gems that truly embody their destinations, while also breathing new life into the properties.”

Right now, their restoration plans in the works to include the iconic pool known for its curvaceous design and tropical surroundings, with help from the Miami Beach Historic Preservation Board.

“This fresh, historic restoration and renovation of the Raleigh join a private beach club with a Latin beat and elegant residences of demure black, white, and ivory. This mixture is the best Miami cocktail that I can imagine,” Marino said in a press release.

The Raleigh also offers residences at Rosewood Residences Miami Beach, which is a newly constructed 17-story oceanfront tower with 44 private units.

“Keeping The Raleigh’s distinct Miami history in mind, The Raleigh’s famed gathering places, the Martini Bar and Tiger Room will be restored and reborn with an eye for both Miami’s historic Art Deco elegance and its modern roots,” Cheng said. “At Rosewood, we are committed to preserving historical gems that truly embody their destinations, while also breathing new life into the properties.

Also in Miami Beach, the owner of several Art Deco hotels and South Beach’s former Versace mansion has bought a boutique hotel for $6 million.

The sale was brokered by Lee & Associates South Florida president Matthew Rotolante and associate Rodrigo Calderon, who collaborated with the law firm’s New York office to help close the transaction. The sale closed on April 28.

“This transaction is another example of the strong nationwide collaboration that separates our firm from its counterparts,” Rotolante said. 

Versace Mansion owners buy 6,340-square-foot boutique hotel in the middle of South Beach’s hottest resort district. Courtesy photo Versace Mansion owners buy a 6,340-square-foot boutique hotel in the middle of South Beach’s hottest resort district. (Courtesy photo)

The buyer, The Nakash family, wanted the property to add to its Art Deco portfolio.

“Opportunities to acquire jewels in the heart of South Beach like this do not come around often,” Rotolante said.

The hotel, located at 1350 Collins Ave., is 6,340 square feet. The hotel was built in 1930 and was designed by architect Wallace Tutt, who also designed the Versace mansion. 

 Amenities on the property include a courtyard with lounge couches, dining tables and a covered pool, a two-car garage and a 24-hour security system. 

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