The Real Deal New York

David Edelstein, Sam Nazarian join forces to buy Miami Beach’s Raleigh Hotel

Some expect duo to take Raleigh national — and beyond
December 21, 2012 05:30PM

From the South Florida website: The Raleigh Hotel in Miami Beach has been sold to a partnership between New York-based developer David Edelstein and hotelier Sam Nazarian. The deal is unique in that both buyers own hotels just blocks away from The Raleigh on Collins Avenue: Edelstein owns the nearby W South Beach, while Nazarian owns the recently opened SLS South Beach. [more]