The Real Deal New York

Nakash family buys South Beach’s Setai Hotel for $90M

New owners purchased Versace mansion for $41.5M in 2013

December 28, 2014 01:00PM

The-Setai-pool-night

The Setai Hotel

From the South Florida website: The Nakash family, founders of the Jordache Jeans empire and owners of the old Versace mansion, purchased The Setai Hotel in South Beach. A source told The Real Deal that the family paid nearly $90 million to Lehman Brothers Holdings Inc. for the Art Deco hotel at 2001 Collins Avenue. [more]

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