Investor Raoul Thomas is having a hard time stemming the collapse of his commercial real estate portfolio. Recently, Thomas’ CGI Merchant Group lost its Coconut
Tag: Raoul Thomas
CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset
Raoul Thomas is having a rough year. After losing two of his marquee hotels to lenders and facing an auction of a Miami Beach hotel,
Saddled with debt woes, Raoul Thomas’ hotel investments are unraveling. But he’s not giving up.
As Raoul Thomas clung to hope that he would recapitalize his $285 million loan on the Waldorf Astoria Washington DC in time to avoid losing