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 and facilitated by Walker & Dunlop’s New York Capital Markets team, provided the financing.
The total investment of approximately $1 billion includes an equity contribution of over $300 million from SHVO – in partnership with Deutsche Finance America and a group of German institutional pension funds – making it one of the largest investments ever made in Miami Beach.
Designed by architect Peter Marino alongside Kobi Karp Architecture, The Raleigh will feature 60 suites managed by Rosewood Hotels & Resorts as well as a 17-story oceanfront tower with 42 Rosewood-branded residences plus an exclusive private member’s club offering Michelin-starred dining experiences on its three acre parcel at 1775 Collins Avenue within the city’s historic Art Deco district.
