Change of ownership for the Setai Miami Beach

US: The Setai Miami Beach has announced a new ownership structure.

US: The Setai Miami Beach has announced a new ownership structure.

The new owners are Nakash Holdings and the von Furstenberg family. Nakash Holdings is a privately held investment company controlled by the founders of Jordache Enterprises. Financier Alex von Furstenberg and family are partnering with the Nakash family in this venture.

“Since opening in 2004, The Setai has defined luxury hospitality in Miami. We feel there is enormous opportunity for the brand and continued growth,” stated Alex von Furstenberg.

“Miami has become an oasis of glamour, energy and beauty and The Setaicaptures it all with an international luxury experience,” said Diane von Furstenberg.

Nakash Holdings purchased the hotel last week from a subsidiary of Lehman Brothers Holdings Inc. The new ownership says it is committed to “maintaining the high levels of personalised service and luxury amenities that have defined the hotel and created loyalty with an affluent international clientele for the past ten years”.

thesetaihotel.com 

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