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Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Business

Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group

February 28, 2025February 28, 2025

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

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CGI Merchant hit with M UCC foreclosure on Coral Gables office building, its fourth distressed asset 
Business

CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset 

December 5, 2024December 5, 2024

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,

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Saddled with debt woes, Raoul Thomas’ hotel investments are unraveling. But he’s not giving up.
Business

Saddled with debt woes, Raoul Thomas’ hotel investments are unraveling. But he’s not giving up.

September 3, 2024September 3, 2024

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

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