Founder of the American brand Tommy Hilfiger is buying his own hotel: The Raleigh Hotel in Miami. The hotel is an Art Deco landmark built in 1940 and has 100 rooms, a pool and several restaurants. According to sources the cost of the hotel is estimated at $100 million and is expected to go through a complete makeover - where a whole new experience will be offered. “I’m in the process of buying it from them. I’ve always wanted a hotel property. We’re going to turn it into a five-star chic hotel with all the amenities,” said Hilfiger. This is the first step toward launching Hilfiger Hospitality — a hospitality experience centered on fashion, art, music and entertainment.