SHVO has secured a $190 million loan for The Raleigh Hotel & Residences in Miami Beach. BH3 Debt Opportunity Fund II, L.P., led by BH3 Management, provided the loan with assistance from Walker & Dunlop’s New York Capital Markets team. This investment of approximately $1 billion – including an equity contribution of over $300 million – is one of the largest investments ever made in Miami Beach and will redefine its historic Art Deco district upon completion.
The design by architect Peter Marino and Kobi Karp Architecture will feature a 60-suite full-service hotel managed by Rosewood Hotels & Resorts, a 17-story oceanfront tower with 42 Rosewood residences, as well as private member’s club offering Michelin-starred dining concepts.
