Olshan Advises on $400M Sale of W South Beach Hotel
Deal News | Feb 04, 2025 | Olshan Frome Wolosky LLP
Olshan Frome Wolosky LLP served as co-counsel to the joint venture formed by the investment firms Tricap and RFR in their successful $400 million sale of the W South Beach Hotel in Miami to Reuben Brothers, a Switzerland-based private equity firm. The property, which operates under the Marriott International brand, features 348 hotel and condominium units. Eric Goldberg, co-chair of Olshan's Real Estate Law Practice, played a key advisory role in the transaction.
Sectors
- Hospitality and Tourism
- Real Estate
- Private Equity
Geography
- United States – The W South Beach Hotel is located in Miami, Florida, USA, and thus the transaction is primarily related to the United States.
- Switzerland – Reuben Brothers, the purchasing private equity firm, is based in Switzerland.
Industry
- Hospitality and Tourism – The transaction involves the sale of a luxury hotel, making the hospitality industry a relevant classification.
- Real Estate – The sale involves a real estate transaction of a managed hotel and condo units property.
- Private Equity – Reuben Brothers, a private equity firm, is the buyer in this transaction, highlighting involvement from the private equity sector.
Financials
- $400 million – The sale price for the W South Beach Hotel.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Olshan Frome Wolosky LLP | Legal Advisor | Company | Served as co-counsel to the joint venture in the sale transaction. |
| Tricap | Selling Company | Company | Part of the joint venture selling the W South Beach Hotel. |
| RFR | Selling Company | Company | Part of the joint venture selling the W South Beach Hotel. |
| Reuben Brothers | Buyer | Private Equity | A Switzerland-based private equity investment firm purchasing the hotel. |
| Eric Goldberg | Co-Counsel | Person | Co-Chair of Olshan's Real Estate Law Practice and co-counsel in the transaction. |