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The Setai Miami Beach announces new ownership

The Setai Miami Beach announced on 2 March new ownership by Nakash Holdings and the von Furstenberg family. Nakash Holdings is a privately held investment company controlled by the founders of Jordache Enterprises, of designer jeans fame. 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 Setai captures it all with an international luxury experience," said Diane von Furstenberg.  

Nakash Holdings purchased the hotel from a subsidiary of Lehman Brothers Holdings Inc. The sale closed on Friday, February 27. The new ownership 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.  

A recipient of the prestigious 2015 Forbes Travel Guide Five-Star award, The Setai Miami Beach is located in the heart of South Beach.   The unique culture of The Setai Miami Beach combines the warmth and attentiveness of Asian hospitality with a sensibility for modern luxury delivered through European amenities and innovative services. From welcoming guests with luxury airport transfers and checking them in with an Asian tea ceremony, Clefs d’Or Concierges to more subtle touches like its custom scent by Roja Dove and fresh flower installations, The Setai Miami Beach continually refines its guest experience.

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