The Setai Miami Beach, in South Beach, has changed hands.
Its 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, famous for its designer jeans.
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," said von Furstenberg.
Nakash Holdings purchased the hotel from a subsidiary of Lehman Brothers Holdings Inc.
