A Miami-based private equity firm that specialises in luxury, beachfront resort purchases is in negotiations to acquire the development rights to the previously proposed multi-million dollar Aman resort project on Norman's Cay in the Exumas, Tribune Business can reveal.
The Brilla Group, which acquired the Raleigh Hotel on Miami's South Beach last year, is seeking to acquire the development rights to the several hundred-acre project that were held by the New York/Miami-based Setai Group and its partner, Aman Resorts.
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