Reuben Brothers has recently acquired the W South Beach from Tricap and RFR for a deal worth more than $400 million.
In 2004, Tricap and RFR purchased the 3.5-acre property and developed it into a luxurious hotel, W South Beach, along with The Residences at W South Beach. The property boasts 348 managed hotel and condo units.
According to Jamie Reuben, this acquisition is an opportunity to continue building on the already remarkable success of the property. Their goal is to solidify its position as Miami’s top global destination while also reimagining its future in order to provide an unparalleled luxury experience.
The transaction was facilitated by Jeffrey Davis of Eastdil Secured who advised the seller on this deal.
This purchase marks Reuben Brothers’ second major investment in Florida after acquiring Palm Beach’s Chesterfield which will be transformed into The Vineta under Oetker Collection by early 2025.
