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The Raleigh Hotel Gets Dumped By Andre Balazs

Go To The Hotel's Web 
  Site Where: 1775 Collins Ave [map], Miami Beach, fl, United States, 33139
September 14, 2009 at 11:18 AM | by | Comments (3)

The Raleigh Hotel in South Beach probably won't be getting any more visits from its hunky hotelier, Andre Balazs. The Miami Herald reports that Balazs is close to selling the hotel in favor of doing more Standard-brand positioning. And the sale is nearly done:

The New York hotelier behind The Standard hotel chain said he has a buyer for the 104-room Raleigh and that both sides are all but agreed to a price. He expects the deal to become official within four weeks.

``We've accomplished what we wanted to,'' Balazs said of his seven years with the Raleigh, 1775 Collins Ave., a favorite stop for celebrities and local hipsters.

And while Balazs recently sold off The Standard Miami, his company continues to manage the property--something he is not interested in doing with The Raleigh. But he will take the cash from the sale and start investing it in the Caribbean. So will the Maison Tropicale finally see the light of day? We hope so.

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What is going on with AB?

Nothing left in Miami right?  Three in LA, Two in NY is that it?  Are they still involved with Beaver house and those other NYC condo conversions.

AB Still Doing Great

They have 3 in LA, The Standard Miami, Standard NYC, Mercer in NYC and Sunset Beach on Shelter Island. They also have 4 apartment buildings.

THE RALEIGH DUMPED ANDRE BALAZS

AB IS A TERRIBLE MANAGER. HE MANAGES BY THE SEAT OF HIS PANTS, INTERFERES WITH EVERYONE'S WORK AND CHOOSES PEOPLE IN A WHIMSICAL MANNER. HE RAN DOWN THE RALEIGH AND THE TRUE OWNERS DUMPED HIM.

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