Thu Oct 03 2024
W South Beach Hotel Valued at Over $400M in New Deal – CommercialObserver
According to the Commercial Observer, The Reuben brothers are set to expand their South Florida real estate portfolio with the W South Beach hotel in Miami Beach. The British real estate moguls are in advanced talks to buy a majority stake in the luxury hotel, according to a source with knowledge of the negotiations. The recap deal — which has yet to close — would value the oceanfront property at over $400 million. The property was a collaboration between design architect Costas Kondylis and…