Reuben Brothers Buy W South Beach For More Than $400M – Bisnow
October 29, 2024, by
British billionaire investors, the Reuben Brothers, have acquired the iconic W South Beach hotel for nearly a half-billion dollars. Nichols Architects served as the Lead Architects on the project, guiding its design to completion when it first opened in 2009.
Other than the W South Beach, the Reuben Brothers have expanded their footprint in South Florida with notable acquisitions like the Chesterfield in Palm Beach.
“We are excited to build on the extraordinary success that has already been achieved,” Reuben Brothers principal Jamie Reuben said in a statement. “Our vision is clear: to secure its standing as Miami’s leading global destination, while reimagining its future and delivering an unparalleled luxury experience.”
The deal brings the total property sales executed by RFR in the past five months to over $1.1B as it reckons with distress across its 3M SF-plus New York City portfolio.
Read the full story at: Reuben Brothers Buy W South Beach From RFR, Tricap For More Than $400M (bisnow.com)