Bisnow

CGI Merchant Hit With Foreclosure Suit Amid Efforts To Sell 55 Miracle Mile

Raoul Thomas is trying to fend off another lender attempting to seize a prized piece of his struggling portfolio. A special servicer has filed a foreclosure lawsuit against affiliates of CGI Merchant ...
The Real Deal

Raoul Thomas’ CGI racks up another foreclosure, could lose Miami Beach hotel

This summary is reviewed by TRD Staff. Raoul Thomas' CGI Merchant Group faces another foreclosure, potentially losing the 140-key Gabriel South Beach hotel in Miami Beach due to a $69 million mortgage ...
The Real Deal

Map: A look at CGI Merchant’s unraveling real estate investments amid mounting debt woes

Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl. Not pictured: Waldorf Astoria Washington DC, On Aug. 5, BDT & MSD Partners took title of ...
Bisnow

CGI Merchant To Hand Miami Beach Hotel To Lender Seeking $69M Foreclosure

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 ...
The Business Journals

Ultimate CEO Insights: CGI Merchant Group's Raoul Thomas on his Avenger-like approach

This profile on CGI Merchant Group's Raoul Thomas is the 15th in a weekly series highlighting the Business Journal’s 2023 South Florida Ultimate CEO Awards honorees ...