Hyatt’s Previous President Ed Rabin Sells Apogee Condo For $8M

Ed & Jackie Rabin and the Apogee Condos. (Getty, Apogee)

The former president of Hyatt Inns Corp. marketed his South Beach front condominium for $7.5 million.

Edward “Ed” W. Rabin, independently and as trustee of a believe in in his name, and Jacquelyn “Jackie” Tyler Rabin sold unit 1103 at Apogee, at 800 South Pointe Generate in Miami Seaside, to Donald Gaiter and Gloria M. Gutierrez, according to records.

Ed Rabin served as president of Hyatt Hotels Corp. until eventually 2006. He experienced worked there because 1969. Soon after retiring from Hyatt, he joined the board of administrators of Sally Splendor Holdings, in accordance to its web-site.

Gloria Gutierrez is govt vice president and company counsel of Burlington, Massachusetts-based business serious estate agency The Gutierrez Company. She joined the company in 1999 and has held her present position due to the fact 2006, according to the company’s website.

The Rabins bought the condo in 2008 for $3.8 million, documents show. The device was outlined in January for $7.9 million.

The device offered for $2,721 for every sq. foot, marking the most costly rental sale of the 7 days in Miami-Dade County, in accordance to condos.com.

Stacy Robins of Stacy Robins Firms represented the sellers, and Dan Hechtkopf with Douglas Elliman represented the consumers.

House information demonstrate the three-bedroom, three-and-a-half-toilet device spans 2,756 square feet with ocean sights. In accordance to the listing, it has been transformed into a two-bed room unit. The rental also has a terrace with an out of doors kitchen and arrives with two-and-a-fifty percent parking areas.

Built by Sieger-Suarez, Apogee was constructed by the Associated Team in 2007. The condo developing has 68 units during 22 stories.

Past month, Jim Pulaski, a previous hedge fund manager, acquired a device at Apogee for $12.2 million. In 2019, a believe in tied to Chicago’s Crown family members acquired a unit for $11.3 million.