The British-based private equity and investment firm, Reuben Brothers, led by David and Simon Reuben, have acquired a 25% stake in the JW Marriott Miami Turnberry Resort & Spa from Jeffrey Soffer’s Fontainebleau Development. The price of the transaction was undisclosed. The JW Marriott Miami Turnberry Resort & Spa recently completed a $300 million renovation including the addition of 300 hotel rooms, a 3,000-visitor capacity waterpark known as Tidal Cove Waterpark and the expansion of its convention center. The hotel property is one of the largest in South Florida, featuring 685 hotel rooms and a 36-hole golf course. Reuben Brothers and Fontainebleau Development are reportedly exploring additional partnerships on investments.
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