The Setai Miami Beach has new owners

The Setai Miami Beach has announced it has new owners--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.

“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. The sale closed on February 27.

A recipient of the 2015 Forbes Travel Guide Five-Star award, The Setai Miami Beach is located in South Beach.