South Florida
Feb 28, 2025
Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
His firm recently lost Coconut Grove HQ at auction to Torose Equities, and now another lender is breathing down his neck in Coral Gables
Raoul Thomas
South Florida
Dec 5, 2024
CGI Merchant hit with $49M UCC foreclosure on Coral Gables office building, its fourth distressed asset
Raoul Thomas’ company lost Washington DC and downtown Miami hotels to lenders this year, and faces an auction of South Beach property this month
South Florida
Sep 3, 2024
Hammered by mounting debt, Raoul Thomas’ hotel investments are crumbling. But he’s not giving up
He faces another foreclosure in South Beach after losing the former Trump International Hotel in DC and another trophy in Miami