Hammered by mounting debt, Raoul Thomas’ hotel investments are crumbling. But he’s not giving up
He faces another foreclosure in South Beach after losing the former Trump International Hotel in DC and another trophy in Miami CGI Merchant Group's Raoul Thomas with (left to right): Gabriel Downtown ...
Rather than fight off another foreclosure lawsuit against a property it owns, Raoul Thomas' CGI Merchant Group plans to relinquish an art deco South Beach hotel to its lender. The owner of a $69M ...
Raoul Thomas’ CGI Merchant can add the office and retail building at 55 Miracle Mile in Coral Gables to its growing roster of properties facing debt troubles. A $25M CMBS loan tied to the 65K SF ...
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