Reuben family, among the United Kingdom’s wealthiest, invests in Turnberry resort
Uber-rich British brothers David and Simon Reuben have acquired a quarter of the JW Marriott Miami Turnberry Resort & Spa.
Reuben Brothers, a Geneva-based firm owned by David and Simon, bought 25% of the Aventura resort on Friday, according to The Real Deal. The firm specializes in private equity, real estate investments, development and debt financing, according to its website. The firm owns commercial real estate across the world, including in the West End in London and along Fifth Avenue in New York City.
The brothers are reportedly worth about $20.67 billion.
Turnberry declined to comment, and Reuben Brothers did not respond to requests for comments.
.jpg)
The resort has one of the best attractions in the country, according to USA Today’s 10 Best Readers’ Choice 2020 Travel Awards: Tidal Cove Water Park, a lush garden with a slide, “river” and surfing. The park opened in 2019.
The deal comes after COVID-19 nearly brought the South Florida hospitality industry to a standstill. The Fontainebleau Hotel, also owned by Turnberry, laid off 1,309 employees in July. The firm has been trying to move forward with an expansion of its Miami Beach hotel since August despite the layoffs.
This story was originally published September 18, 2020 at 4:30 PM.
