Tommy's people announced at the end of last week that he has bought The Raleigh Hotel from current owners David Edelstein and Sam Nazarian, who paid $55 million for the 1940 property in 2012. "“I’ve always wanted a hotel property". He said in a statement. "We’re going to turn it into a five-star chic hotel with all the amenities,” Page Six reports that Edelstein said he and Tommy had been discussing his new company, Hilfiger Hospitality, during Art Basel in December, and that Nazarian and sbe will continue to manage the property.
So...Tommy Hilfiger meets sbe?
Hmmm... we're having trouble picturing this, and it gets even more ominious: Hilfiger is going to play "a leading role" in another round of renovations due to begin in January 2015 and wants the Raleigh to "serve as the launching pad" for his plans to launch Hilfiger Hospitality as a "global concept." Let's hope the Raleigh's vintage Art Deco charm is not sacrificed at the altar of prep. We're still not terribly excited at the thought of Hilfiger Hotels.