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Michael Shvo's long-stalled Miami Beach hotel and condo project attracts potential new buyer
businessinsider.com/michael-shvo-miami-beach-project-raleigh-hotel-attracts-buyer-2025-7
Ariel shot of the Raleigh property in 2024
BI
Michael Shvo and partners purchased three Miami Beach hotels in 2019.
Plans to turn them into a luxury destination were never finished, and the site remains empty.
A new buyer is lined up, but Shvo could still match the roughly $275 million…
This story appeared on businessinsider.com, 2025-07-17 19:08:25.